Assets definition: Copy, customize, and use instantly
Introduction
The term "Assets" refers to resources or properties owned by an individual or entity that have economic value. In contracts, it is essential for identifying what tangible and intangible resources are being referenced, ensuring clarity in ownership, rights, and obligations.
Below are various examples of how "Assets" can be defined in different contexts. Copy the one that fits your needs, customize it, and use it in your contract.
Definition of "Assets" as tangible property
This definition ties "Assets" to physical items with measurable economic value.
"Assets" means any tangible property, including real estate, machinery, vehicles, and equipment, owned or controlled by the entity.
Definition of "Assets" as intellectual property
This definition connects "Assets" to intangible properties, specifically intellectual creations like patents, copyrights, and trademarks.
"Assets" refers to intellectual property, including patents, trademarks, copyrights, and any other intangible rights or licenses owned by the entity.
Definition of "Assets" as financial instruments
This definition links "Assets" to financial resources, such as investments, securities, or cash holdings.
"Assets" means financial instruments, including cash, stocks, bonds, and other investments held by the entity.
Definition of "Assets" as current assets
This definition applies "Assets" to resources that are expected to be converted into cash or used within one year.
"Assets" refers to current assets, including cash, accounts receivable, and inventory, that are expected to be liquidated or consumed within one year.
Definition of "Assets" as non-current assets
This definition ties "Assets" to long-term resources that are not expected to be converted into cash or consumed within one year.
"Assets" means non-current assets, including long-term investments, property, plant, and equipment, which are intended to be held for more than one year.
Definition of "Assets" as operating assets
This definition connects "Assets" to resources directly involved in the day-to-day operations of a business.
"Assets" refers to operating assets, including equipment, inventory, and technology used in the production of goods or services for the organization.
Definition of "Assets" as real property
This definition links "Assets" to physical, immovable property such as land and buildings.
"Assets" means real property, including land, buildings, and other immovable structures, either owned or leased by the entity.
Definition of "Assets" as personal property
This definition applies "Assets" to movable items owned by the individual or organization.
"Assets" refers to personal property, including vehicles, machinery, inventory, and other movable items of value owned or controlled by the entity.
Definition of "Assets" as digital assets
This definition ties "Assets" to digital or online-based resources, including websites, data, and digital media.
"Assets" means digital assets, including websites, online platforms, software, databases, and digital content owned or controlled by the entity.
Definition of "Assets" as liquid assets
This definition connects "Assets" to resources that can easily be converted into cash without significant loss of value.
"Assets" refers to liquid assets, including cash and marketable securities, that can be quickly converted into cash to meet short-term obligations.
Definition of "Assets" as fixed assets
This definition links "Assets" to long-term, stable resources that are not intended for immediate sale.
"Assets" means fixed assets, including buildings, machinery, and equipment, that are used in the operations of the business and are not easily liquidated.
Definition of "Assets" as intangible assets
This definition ties "Assets" to non-physical assets that have value, such as goodwill or trademarks.
"Assets" refers to intangible assets, including goodwill, trademarks, copyrights, patents, and any other non-physical property with economic value.
Definition of "Assets" as secured assets
This definition connects "Assets" to resources that have been pledged as collateral for a loan or other financial obligation.
"Assets" means secured assets, including property or financial instruments that have been pledged as collateral to secure an obligation or loan.
Definition of "Assets" as financial statement assets
This definition applies "Assets" to resources listed on an organization's financial statements.
"Assets" refers to items listed as assets on the entity’s financial statements, including both tangible and intangible resources that contribute to the entity's value.
Definition of "Assets" as depreciable assets
This definition links "Assets" to physical property whose value declines over time due to wear and tear or obsolescence.
"Assets" means depreciable assets, including equipment, machinery, and vehicles, that have a useful life of more than one year and whose value diminishes over time.
Definition of "Assets" as pledged assets
This definition ties "Assets" to resources specifically pledged as security for a debt or obligation.
"Assets" refers to pledged assets, including property or assets that have been formally pledged as security for the repayment of a debt or other obligation.
Definition of "Assets" as restricted assets
This definition connects "Assets" to resources that are subject to restrictions on their use or transfer.
"Assets" means restricted assets, including property or funds that are designated for specific purposes and cannot be used freely without meeting certain conditions.
Definition of "Assets" as ownership interests
This definition applies "Assets" to ownership stakes or shares in another entity.
"Assets" refers to ownership interests, including shares, equity, and other forms of ownership in another business or entity.
Definition of "Assets" as working capital
This definition ties "Assets" to the resources needed for the day-to-day operations of a business.
"Assets" refers to working capital, including cash, inventory, accounts receivable, and any other resources used in daily business activities.
Definition of "Assets" as non-financial assets
This definition connects "Assets" to physical or intangible property that is not primarily financial in nature.
"Assets" means non-financial assets, including land, buildings, machinery, intellectual property, and any other resources not classified as financial.
Definition of "Assets" as purchased assets
This definition links "Assets" to resources that are acquired or purchased by an entity.
"Assets" refers to purchased assets, including property, equipment, or intangible assets that have been acquired through purchase rather than development.
Definition of "Assets" as acquired assets
This definition applies "Assets" to resources that have been obtained through acquisition.
"Assets" means acquired assets, including real property, financial instruments, and other tangible or intangible items acquired through a merger, acquisition, or other transaction.
Definition of "Assets" as available-for-sale assets
This definition ties "Assets" to resources that are intended to be sold or disposed of in the near future.
"Assets" refers to available-for-sale assets, including inventory or property held for the purpose of resale or disposal.
Definition of "Assets" as diversified assets
This definition connects "Assets" to a range of resources held to minimize risk through diversification.
"Assets" means diversified assets, including a mix of financial securities, real estate, and other investment vehicles designed to reduce risk through variety.
Definition of "Assets" as intellectual property assets
This definition links "Assets" to creations of the mind, such as inventions, designs, or trademarks.
"Assets" refers to intellectual property assets, including patents, trademarks, copyrights, trade secrets, and any other intangible creations of the mind.
Definition of "Assets" as digital and online assets
This definition applies "Assets" to digital properties, including software, websites, and online databases.
"Assets" means digital and online assets, including software, websites, domain names, and online accounts, which have value and can be transferred or sold.
Definition of "Assets" as regulatory assets
This definition ties "Assets" to those required or imposed by regulatory agencies.
"Assets" refers to regulatory assets, including permits, licenses, and compliance-related resources that are necessary to operate legally under specific regulations.
Definition of "Assets" as fair value assets
This definition connects "Assets" to those measured based on fair value rather than historical cost.
"Assets" means fair value assets, including securities, properties, and other items valued at their current market price rather than their purchase price.
Definition of "Assets" as strategic assets
This definition links "Assets" to resources that are crucial for an organization’s long-term success.
"Assets" refers to strategic assets, including technology, intellectual property, and human capital, that are vital to maintaining the competitive advantage of the organization.
Definition of "Assets" as liquidable assets
This definition ties "Assets" to resources that can be quickly converted into cash.
"Assets" means liquidable assets, including cash, stocks, bonds, and marketable securities that can be rapidly converted into cash or cash equivalents.
Definition of "Assets" as company-owned assets
This definition connects "Assets" to property owned by a company.
"Assets" refers to company-owned assets, including real estate, machinery, equipment, and inventory that are directly owned by the company.
Definition of "Assets" as collateralized assets
This definition applies "Assets" to resources pledged as collateral for a loan or financial transaction.
"Assets" means collateralized assets, including property or goods pledged as security for the repayment of a loan or other financial obligation.
Definition of "Assets" as taxable assets
This definition ties "Assets" to resources subject to taxation.
"Assets" refers to taxable assets, including personal property, real estate, and other resources that are subject to tax based on ownership or value.
Definition of "Assets" as leveraged assets
This definition connects "Assets" to those used in financial leverage to support debt.
"Assets" means leveraged assets, including real property, securities, and other assets that are used to secure borrowed funds or financial leverage.
This article contains general legal information and does not contain legal advice. Cobrief is not a law firm or a substitute for an attorney or law firm. The law is complex and changes often. For legal advice, please ask a lawyer.