financial asset

financial asset definition - business

financial asset

A financial claim on an asset that is usually documented by some type of legal representation. Examples include bonds and shares of stock, but not tangible assets such as real estate or gold. Compare real asset.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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