Asset (definition)

For purposes of financial disclosure, an “asset” refers to an interest in property held in a trade or business or for investment or the production of income.

Examples of reportable assets include, but are not limited to:

•  stocks, bonds, mutual funds, and other securities;
•  real estate;
•  personal bank accounts;
•  retirement interests (e.g., defined benefit or defined contribution plan);
•  fixed and variable annuities;
•  whole, universal, and variable life insurance;
•  beneficial interests in trusts and estates;
•  collectible items for resale or investment;
•  commercial crops;
•  accounts or other funds receivable; and
•  capital accounts or other asset ownership in a business. 

 

This guide is not intended to provide investment advice, and you should not rely on statements in this guide when making investment decisions.

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