financial asset

  

Definition

Money at hand, or easily accessible, in the form of cash deposits, checks, loans, accounts receivable, and marketable securities (bonds, notes, shares).

Use financial asset in a sentence

  • You need to always have a good record of any financial asset so that you can locate it when you need it.

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  • When Bob applied for a loan he wanted to claim his car as a financial asset, but the bank officer said he could only claim liquid assets like cash.

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  • We had a financial asset and that meant we would be okay in the future and could relax a little bit.

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