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Any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Examples are cash, securities, accounts receivable, inventory, office equipment, real estate, a car, and other property. Do I consider a car a positive returning asset (or investment), absolutely not, but a car can be converted to cash no differently then stocks/bonds/real estate/limited partnerships/etc..., it really just depends on how quickly the cash is needed and the liquidity of that particular market.
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