Financial Asset

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A Financial Asset is a financial resource that is an intangible economic asset that derives value from a contractual claim on future cash flows or ownership.



References

2014

  • (Wikipedia, 2014) ⇒ http://en.wikipedia.org/wiki/financial_asset Retrieved:2014-6-1.
    • A financial asset is an intangible asset that derives value because of a contractual claim. Examples include bank deposits, bonds, and stocks. Financial assets are usually more liquid than tangible assets, such as land or real estate, and are traded on financial markets. [1] [2] [3] [4] According to the International Financial Reporting Standards (IFRS), a financial asset is defined as one of the following: * Cash or cash equivalent; * Equity instruments of another entity; * Contractual right to receive cash or another financial asset from another entity or to exchange financial assets or financial liabilities with another entity under conditions that are potentially favourable to the entity; * Contract that will or may be settled in the entity's own equity instruments and is either a non-derivative for which the entity is or may be obliged to receive a variable number of the entity's own equity instruments, or a derivative that will or may be settled other than by exchange of a fixed amount of cash or another financial asset for a fixed number of the entity's own equity instruments. [5]

2013

  • http://www.investopedia.com/terms/f/financialasset.asp
    • QUOTE: An asset that derives value because of a contractual claim. Stocks, bonds, bank deposits, and the like are all examples of financial assets. …

      … Unlike land and property -- which are tangible, physical assets--financial assets do not necessarily have physical worth.