Tung Quoc wrote: |
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Hi,
Are assets and property interchangeable? If not, what is the difference in meaning between them?
Q
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Quoc,
1) Property – in real estate terms, refers to one or more of the following: building, house, shopping mall, a company, and hotel etc.
2) In common terms, “property” refers to the items or belongings one owns; as in personal property which includes but not limited to car, TV, boat, wardrobe, furniture, appliances etc..
3) Asset refers to anything one owns that can be assessed and turned into cash such as stock, bonds, jewelry, partnership, and include items stated in # 1 and # 2.
They are not the same thing and therefore not interchangeable.