NON ASSET Meaning and
Definition
-
Non-asset refers to any situation, entity, or concept that does not possess identifiable or tangible assets. It is a term commonly used in accounting, finance, and economics, and it encompasses various contexts.
In accounting, non-asset refers to a classification of items that lack the characteristic of physical presence or ownership. These items cannot be quantified or listed as assets on a balance sheet. Examples of non-assets include goodwill, patents, trademarks, copyrights, and other intangible assets that are not physically tangible but still hold value.
In the finance sector, non-asset pertains to financial instruments or investment strategies that do not involve the ownership or possession of specific assets. It encompasses derivatives, futures, options, and other financial contracts that derive their value from underlying assets rather than representing ownership of the assets themselves.
Within the context of economics, non-asset denotes the absence of physical possessions or tangible resources. This could refer to individuals or businesses lacking substantial assets or not owning any assets at all. Non-asset individuals or businesses typically rely on other means to generate income or create value, such as skills, knowledge, or intellectual property.
Overall, the term non-asset denotes a lack of tangible or identifiable physical assets and is relevant in various fields, including accounting, finance, and economics.
Common Misspellings for NON ASSET
- bon asset
- mon asset
- jon asset
- hon asset
- nin asset
- nkn asset
- nln asset
- npn asset
- n0n asset
- n9n asset
- nob asset
- nom asset
- noj asset
- noh asset
- non zsset
- non ssset
- non wsset
- non qsset
- non aaset
- non azset
Etymology of NON ASSET
The word "non-asset" is not commonly found in dictionaries, as it is a combination of the prefix "non-" and the word "asset".
The prefix "non-" in English comes from Latin and means "not" or "without". It is used to indicate negation or absence.
The word "asset" has a different etymology. It originated from the Middle English word "assette", which came from the Old French word "assez", meaning "enough" or "sufficient". It evolved to refer to anything valuable or useful, especially in terms of property or resources.
By combining the prefix "non-" with the word "asset", the term "non-asset" is created to describe something that is not considered as an asset or lacks the characteristics of an asset.
Similar spelling words for NON ASSET
- NON-CURRENT ASSET,
- wast non-toxic,
- NON-OPERATING ASSET,
- NON-PERFORMING ASSET,
- NON-LEDGER ASSET,
- NON EST,
- NON-MONETARY ASSET.
Infographic
Add the infographic to your website:
