Assets are anything of value that can be converted into money by businesses or individuals. In accounting terminology, there are six different asset categories: current assets, fixed assets, tangible assets, intangible assets, operating assets, and non-operating assets. An asset can belong to multiple categories. For example, a building is an example of a fixed, tangible asset.

Both companies and individuals can legally own assets, and in terms of bridging loans, these assets, usually properties, can be used to secure finance.


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