Definition
Asset
Anything you own that has monetary value.
This term appears in The Budget Ledger's practical finance glossary.
An asset is something you own that is worth money: cash, savings, investments, retirement accounts, a home, or a car. Assets are the plus side of your net worth.
Some assets grow in value or produce income (investments, rental property); others lose value over time (a car). Building wealth is largely about accumulating assets that work for you.