What "asset" means in finance

An asset is a resource or property that has value and can be owned by an individual, company or organization. It can be tangible or intangible, such as cash, stocks, bonds, real estate, patents, copyrights, or intellectual property. Assets are listed on a balance sheet and are used to generate income or profit for the owner. The value of an asset can appreciate or depreciate over time, depending on market conditions and other factors.