Related Services - The following companies and services offer a wide variety of financial programs to assist you with handling your debts. Consolidate your bills with a debt consolidation loan or use a debt management or credit counseling service for help with your credit card bills and other payments.
- Debt Settlement Services - If you have too many credit cards and other small debts and are unable to make your payments, this form of debt negotiation may be right for you.
- Personal Loan Consolidation - Looking for a personal loan to consolidate your credit cards? These loans are usually unsecured, meaning you are not required to provide collateral. Approval is often based upon factors as your income, credit and job history.
Asset definition
Define Asset: An asset is any item of economic value owned by an individual or company. Examples of assets include cash, furniture, automobiles, sports equipment, firearms, and property. If an asset can be readily converted into cash it is often called a liquid asset. Some examples of liquid assets include savings accounts, money orders and certified and personal checks.
For a company, assets would also include accounts receivable, inventory and supplies; the term has a specific and well-defined meaning in accounting. In personal finance terms, the debt you owe a lender or credit card company is recorded as an asset on their balance sheets.
Secured loans, such as mortgages or car loans, are obtained by being attached to an asset. If the debtor defaults on loan repayment the creditor may be legally entitled to seize the securing asset through repossession, or in the case of a home, foreclosure.
Debt
Consolidation and Related Terminology Definitions
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Asset Allocation