These are examples of assets not normally easily disposed of. Key Takeaway: Formally, if an asset isn't expected to be cashable within a year, it isn’t considered a current asset. In business, a ...

In simple words, an asset is something of value that you own and can convert to cash. Your car is an asset and so is your house because you could sell either one and receive its value in cash.

THE Securities and Exchange Commission (SEC) is looking to define the list of assets that can be held by real estate investment trusts (REITs) as part of proposed changes to the REIT law. “We will ...