For Assets we have terms and definitions in 13 topics. The topics are Assets Based Community Developme, Auto Loan, Business, Divorce, Finance, Financial, Grantmaking, Health Insurance, Insurance, Investment, Medical Malpractice Insurance, Philanthropy and Sanitation.

Assets (Assets Based Community Developme)

Individual, association and organizational skills, talents, gifts, resources and strengths that are shared with the community.

Assets (Auto Loan)

The items you own. You don't have to own something "free and clear" for it to be considered an asset. Say you have a house, on which you owe money to a bank or mortgage company. The amount you owe is considered a liability; the amount you've already paid off is an asset.

Assets (Business)

Cash, short-term deposits, debtors and stock (including work in progress, raw materials and finished goods) etc. that will be converted to cash during the accounting period, normally one year.

Assets (Divorce)

Cash, property and investments along with anything else that may be of value to a individual or business.

Assets (Finance)

“Stuff” that a company owns or has a claim on that has value. Examples include Cash, Accounts Receivable, Inventory and PP&E.

Assets (Financial)

Refer to properties owned or are due to a person or organization. Assets are typically viewed in three categories. These three classifications are: Current, Fixed or Long-term, and Intangible. Refer to properties owned or are due to a person or organization. Assets are typically viewed in three categories. These three classifications are: Current, Fixed or Long-term, and Intangible.

Assets (Grantmaking)

The amount of money, stocks, bonds, real estate or other holdings the foundation has. Most foundations use the income earned from their assets to make grants.

Assets (Health Insurance)

The property and financial resources owned by an insurance company. Admitted assets are those that can be liquidated to raise cash to pay claims. Nonadmitted assets are assets, such as real estate (other than home office), furniture, and other equipment that are not recognized for solvency purposes by state insurance laws or insurance department regulations.

Assets (Insurance)

Assets refer to "all the available properties of every kind or possession of an insurance company that might be used to pay its debts." There are three classifications of assets: invested assets, all other assets, and total admitted assets. Invested assets refer to things such as bonds, stocks, cash and income-producing real estate. All other assets refer to nonincome producing possessions such as the building the company occupies, office furniture, and debts owed, usually in the form of deferred and unpaid premiums. Total admitted assets refer to everything a company owns. All other plus invested assets equals total admitted assets. By law, some states don't permit insurance companies to claim certain goods and possessions, such as deferred and unpaid premiums, in the all other assets category, declaring them "nonadmissable."

Assets (Investment)

The investment holdings and cash owned by a mutual fund.

Assets (Medical Malpractice Insurance)

All the property and financial resources owned by an insurance company. Admitted Assets are those assets that are liquifiable to raise cash to pay claims. Nonadmitted Assets are assets, such as real estate (other than home office), furniture, and other equipment that are not liquifiable.

Assets (Philanthropy)

Cash, stocks, bonds, real estate or other holdings of a foundation. Generally, assets are invested and the income is used to make grants. (See Payout Requirement)

Assets (Sanitation)

Cash and other resources readily convertible into cash, property of value owned by the entity and other intangible assets or deferred charges.

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