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Q: Is a personal IOU a financial asset?
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What does an asset management company do?

An asset management company takes care of a customer's financial investments by investing in a variety of securities. They diversify a customer's portfolio according to their personal needs.


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Can a tangible asset be a financial asset?

Ive had a similar question like this in a finance exam. Apparently its wrong to say that all financial assets are intangible (i.e. yes, a financial asset can be a tangible asset). Example: Cash


What does the U stand for in abbreviation IOU?

The abbreviation IOU stands for I owe you. This could be a monetary or non-monetary debt owed by a person. The IOU could have the creditor mentioned and the financial amount or item that is owed.


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Can you give an sentence using the word asset?

It would be an asset to your grammatical ability to understand that the word 'an' is only used before a noun starting with a vowel, otherwise 'a' is used, i.e. 'an asset', 'a sentence'!! "Knowledge of English grammar is an asset when attempting to communicate a question!" If you own a house it is a financial asset. Banks, welfare services, loan sharks etc, often want to know about your financial assets, especially physical ones such as cars, boats, land etc that may be repossessed (as apposed to less tangible, financial assets such as shares, or non-financial, personal, physical assets such as strong muscles or musical talent!). The government also requires you to declare your (financial) assets for tax and welfare purposes. These assets include any money you have in the bank, cash and the total value of all of your possessions. In Australia, the word 'asset' USUALLY refers to financial assets although there are many kinds. Anything that helps you is an asset to you!


Is stock an asset?

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