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asset |
Also found in: Medical, Legal, Financial, Encyclopedia, Wikipedia | 0.12 sec. |
assetIn accounting, anything owned by or owed to the company that is either cash or can be turned into cash. The term covers physical assets such as land or property of a company or individual, as well as financial assets such as cash, payments due from bills, and investments. Assets are divided into fixed assets - assets that are expected to be used in the business for some time such as land, plant, machinery, buildings - and current assets - assets which are frequently turnover in the course of business, such as stock. On a company's balance sheet, total assets must be equal to total liabilities (money and services owed). How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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| Demonstrating the Value of Communications as a Business Asset The new organization combines the services of GE's former Small Business Finance and Business Asset Funding groups into a powerful new entity, represented by a strengthened origination team and backed by an expanded array of innovative financing programs. Toolkit will adopt many recommendations of a recent 200-participant report that revealed federal employees do not recognize information as a business asset. |
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Business asset