Asset Protection


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Financial Asset Management

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Asset Definition

–noun
1.a useful and desirable thing or quality: Organizational ability is an asset.
2.a single item of ownership having exchange value.
3.assets,
a.items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities).
b.Accounting. the items detailed on a balance sheet, esp. in relation to liabilities and capital.
c.all property available for the payment of debts, esp. of a bankrupt or insolvent firm or person.
d.Law. property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person.
From Dictionary

Protection Definition

–noun
1.the act of protecting or the state of being protected; preservation from injury or harm.
2.a thing, person, or group that protects: This vaccine is a protection against disease.
3.patronage.
4.Insuranc 1bcc e. coverage (def. 1).
5.Informal.
a.money paid to racketeers for a guarantee against threatened violence.
b.bribe money paid to the police, politicians, or other authorities for overlooking criminal activity.
6.Economics. protectionism.
7.a document that assures safety from harm, delay, or the like, for the person, persons, or property specified in it.
8.Archaic. a document given by the U.S. customs authorities to a sailor traveling abroad certifying that the holder is a citizen of the U.S.
From Dictionary

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