Asset
For the purposes of the man on the Clapham omnibus, an asset is anything you own which has cash value. A painting, jewellery, your solid oak dining table, a car or the bit of land at the back of your house could all be classed as an asset – as long as it’s yours and you can get cash for it, in other words, it’s an asset.
For a company, the definition of an asset can be stretched further. An abstract like brand recognition can be deemed an asset, as can corporate intelligence, or intellectual property. In the world of stocks and shares, an asset is specifically an investment so if you have several of these you would have an asset portfolio.
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