Asset

Asset – An asset refers to any resource owned or controlled by an individual or organization that holds monetary value and is expected to provide future economic benefits. Assets may be tangible, such as land, buildings, or machinery, or intangible, such as patents, trademarks, shares, or digital investments. They form a crucial part of the financial position of a business or individual, representing items that can generate income or be converted into cash when required.

Example: Examples of assets include a house, car, or mutual fund investment, as they possess measurable value and have the potential to produce future financial returns or benefits.