Assets are the valuable properties, possessions, resources, equipment, and contents that a person or company owns. These encompass a wide range of items that hold value and contribute to an individual’s or organization’s wealth.

They can include tangible assets like real estate properties, vehicles, and equipment, as well as intangible assets such as investments, savings, bank accounts, and intellectual property. They are an essential component of personal and business finance, as they can be utilized, leveraged, or sold to generate income, provide security, or serve as a basis for future investments. Managing and maximizing assets is crucial for individuals and businesses to maintain financial stability and achieve long-term growth.