Asset

{
  "id": "MLC-T-LAW-000585",
  "term": "Asset",
  "field": "Law",
  "definitions": [
    "A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are recorded on a balance sheet and can be classified as current, fixed, financial, or intangible. Examples include real estate, intellectual property, and cash, all subject to valuation methods such as fair market value.",
    "Property of all kinds, including real and personal, tangible and intangible."
  ],
  "references": [
    "U.S. Courts Glossary of Legal Terms"
  ],
  "url": "https://mlchart.com/terminology/law/asset/"
}