94.0k views
4 votes
What term is used to describe an individual's money and personal property?

User Jolo
by
8.2k points

2 Answers

2 votes
Its assets. You can thank the question asker. The reasoning is that personal finance is too broad of a subject, while assets, income both fit into that category. and while it couldn't be income because it is a material item, the most specific answer would be assets.
User Madison Caldwell
by
8.5k points
3 votes

I believe the answer is: Assets

Assets would include everything of value that is owned by a certain individual or organisation. Assets is a critical component to calculate our net worth, which being done by calculating total assets - total liabilities. Examples of assets are cash, land, supplies, receivables, etc.

User Aphire
by
8.9k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.