Asset

Any owned item or resource of economic value that can be converted to cash. Assets can be either tangible or intangible.
• Tangible assets, also known as “hard assets”, are physical items that can be seen or touched, such as a house, a car, or a piece of property.
• Financial assets, such as stocks or bonds are considered tangible assets.
• Intangible assets are assets that do not physically exist.

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