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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.


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