Assets and wealth: meaning and definition

The definition at a glance

The collection of goods, rights, money and other valuables owned by a person or family.

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A good or right with economic value that can contribute to a person’s wealth.

The movement of money in and out over a period. It shows when money is received and when it is needed for payments.

Distributing money across different assets, accounts or sources to reduce dependence on a single result.