Financial Dictionary
Assets
These are possessions which have a present or future economic value to the owner or business. Basically they are everything that you have or own that is worth value. There are different types of assets:
Fixed assets include such things as land, machines and buildings.
Intangible assets include such things as goodwill, trade marks, patents, etc.
Liquid assets are funds which are kept in cash or in some other form which can be quickly and easily be turned into cash.
