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Tung Quoc

#293722 Thu, 16 Nov 06 03:24 AM

Hi,

Are assets and property interchangeable? If not, what is the difference in meaning between them?

Tung Quoc

Joined on Sun, Sep 17 2006

Regular Member (870)

Marius Hancu

#293723 Thu, 16 Nov 06 03:27 AM

Only in the meaning 1 here:
[link]
are they interchangeable.

Marius Hancu

Joined on Wed, Apr 26 2006

Montreal, Canada

Veteran Member (11,673)

CalifJim

#293779 Thu, 16 Nov 06 06:43 AM

Assets are things owned, basically. Property (in the sense of real estate, i.e., land) is only one kind of asset. Cash and buildings and material goods are also assets, but they are not property in the sense of land.

CJ

CalifJim

Joined on Mon, Aug 2 2004

California

Veteran Member (17,792)

"There are no facts, only interpretations" - Nietzsche

Goodman

#293780 Thu, 16 Nov 06 06:47 AM

Tung Quoc wrote:

Hi,

Are assets and property interchangeable? If not, what is the difference in meaning between them?

Q

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.