Assets definition

July 22, 2010 by  
Filed under Assets Definition, Blog

What are assets?

Assets are economic resources.   There are tangible and intangible assets that are capable of being owned or controlled to produce value and that is held to have positive economic value. To break it down even more so, assets represent ownership of value that can be converted into cash.

Debt definition

July 22, 2010 by  
Filed under Debt Definition

What is Debt?

Debt is usually referencing assets that are owed.  In the case of assets, debt is a means of utilizing  future purchasing power in the present before the summation has been earned.

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