What are Tangible Assets?
Tangible can be defined as things that can be perceived by the senses, and especially anything that can be physically touched. Tangible may mean touchable, actual, or real. This definition is worth understanding when attempting to define tangible assets. Tangible assets are those holdings of an individual or business that are real and actual, instead of being hypothetical. They are contrasted to things an individual or business may hold that are not tangible. Examples of intangible assets include things like copyrighted ideas, patents, or intellectual property. Though these things possibly have a chance of being financially beneficial at a future point, they are not currently something that can be sold for great profit in most cases. On the other hand, most tangible assets can be readily converted to cash, or are already cash. The amount of money in your bank account is tangible, as is the property you own, like cars, houses or boats. These tangibles, especially if you want to secure a
A. These are the more obvious assets you may have: Primary Residence, Vacation Homes, Automobiles, Campers, Trailers, Boats, Rental Properties and more. Other Valuables may include things like fine china, the family silver, antiques, furniture, household items, and artwork that you own. Use the most current fair market value of these assets. Q. What are Equity Assets? A. Any Stocks, Mutual Funds, Variable Annuities, Limited Partnerships and other Business Interests should be identified here. Equities are investments whereby a person purchases a “portion of ownership” with the expectation it will increase in value. Q. What are Fixed-Principal Assets? A. These assets include Fixed Dollar Annuities, Trust Deeds, and other Fixed Principal Assets. Q. What are Fixed-Rate Assets? A. U.S. Government Bonds, Municipal Bonds, Corporate Bonds, Face Amount Certificates and Debt Mutual Funds are examples of Debt Assets. Do not confuse these assets with the Equity Assets. Bonds are financial instrume
