Assets are persons or things that can produce value. People can be assets because of the value they bring to a relationship or organization. Things which are assets have value for the owner because they can be converted into cash. Cash on hand is also considered an asset.
Tangible assets are those that can be touched. Examples include:
Intangible assets are non-physical, meaning they cannot be touched. They have value because they represent an advantage to a business or organization.
Personal assets might be tangible or intangible. They can be assets owned by the person or assets related to the person's personal characteristics.
Examples of owned personal assets include:
Examples of personal characteristic assets include:
Corporations have long lists of assets including companies and brand names which are owned by the corporation.
Here are some examples of the assets of Disney:
Here are some examples of the assets of PepsiCo:
Here are some examples of the assets of Time Warner:
Assets, whether they are business or personal assets, add value to a person or an organization.