Asset is anything that gives a flow of benefit (in the form of interest, revenue, profit, royalty etc.) for a specific time period for an individual or organisation. Sometimes the asset may be just a store of value of wealth –like gold (or money). The term asset has a broad meaning. There can be physical assets like land, building, machineries, financial assets like – equities or shares, bonds, saving certificates etc., intellectual property assets like patents, copyrights etc.
