Asset – n: finance/accounting term; an economic resource that is expected to help generate cash inflows or reduce cash outflows. For example: Laboratory equipment is an asset for biotechnology companies; such companies expect that the laboratory equipment will help company scientists create products to sell, thereby generating cash. Accounts receivable (A/R) is also an asset; if customers owe your company money for goods or services delivered, you expect that they will pay you the money owed, thereby generating cash.

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Adapted from "The CompanyCrafters Entrepreneur's Dictionary"
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