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What is an asset?

April 26, 2017ASSET

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What is an asset?

3 Answers

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In previous versions of PMXpert, an asset was referred to as a piece of equipment.

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An asset is anything you own or have a right to own now or in the future (for instance, you are included in somebodys will). Your home, automobiles, household furnishings, retirement plans, etc., are all assets. In most cases, your assets can be protected from liquidation from the Trustee. 3.

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In simplest terms, an asset is property of any kind. A resource may be “liquid” such as cash, or property that can readily be converted to cash. It may be “non-liquid,” meaning that it may not be easily converted to cash. Resources include both real and personal property, and tangible as well as intangible property.