What is an asset? defined by AI from Google Search:

 

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An asset is something that has value and can be owned, used, or benefited from. Assets can be tangible or intangible, and can be owned by individuals or businesses: 

• Personal assets: These include cash, savings accounts, jewelry, bonds, life insurance policies, and collectibles. A person's skills and abilities can also be considered assets. 
  
  

Business assets: These include the building, machinery, inventory, and employees. Assets for a business must create economic value, either by producing something that can be sold or by holding resale value. 

Intangible assets: These include patents, trademarks, copyrights, and goodwill. 

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Understanding the value of your assets is important for budgeting, estate planning, and taking out loans. This value is known as your net worth.