Meaning of Asset Asset agency a financial or an economical resource. Asset includes all those things (either tangible or intangible ones) which are capable of existence owned or leased out (rented) to generate a value (price) or returns inwards introduce as well as inwards the future. Image credits © LancerE . Definition of Asset In general, the definition of an property tin sack hold upwards stated every bit follows, “An property is a fiscal or economical resources controlled either yesteryear an private or organization , every bit a upshot of their yesteryear as well as introduce actions, from which futurity paybacks are expected to occur.” Examples of Assets The importance of an property depends on its exercise yesteryear an private or organization. Some mutual examples of assets based on their significance from an individual's as well as organization's perspective are depicted below. Generally, examples of assets owned yesteryear an private includes: Residential fl