What is the meaning of Assets?

Everything a person or a company owns has a right to, from which a benefit can derive, such as money, securities, equipment and buildings Fixed' Assets' include land, machines and buildings. Current assets consist of cash, money owed, stock, investments and work in progress. Intangible assets are goodwill, trade marks, patents, etc. Liquid assets are funds kept in cash or in a form that can be quickly and easily turned into cash.