Finance:Non-financial asset
A non-financial asset is an asset that cannot be traded on the financial markets and whose value is derived by its physical net worth rather than from a contractual claim, as opposed to a financial asset (e.g., stock, bonds). Non-financial assets may be tangible (also known as real assets, e.g., land, buildings, equipment, and vehicles) but also intangible (e.g., patents, intellectual property, data).[1][2]
Non-financial assets can be further divided into produced assets (fixed assets, inventories, and valuables) and non-produced assets (natural resources, contracts, leases and licenses, and goodwill and marketing assets).[3][4]
Non-financial assets can be transformed into financial assets through securitization; the non-financing asset thus becomes an underlying asset.
References
- ↑ "The national accounts in 2015". https://www.insee.fr/en/statistiques/2387931?sommaire=2387999.
- ↑ "OECD Glossary of Statistical Terms - Non-financial assets Definition". https://stats.oecd.org/glossary/detail.asp?ID=1804.
- ↑ "Glossary:Non-financial non-produced assets". https://ec.europa.eu/eurostat/statistics-explained/index.php/Glossary:Non-financial_non-produced_assets.
- ↑ Harrison, Anne (8 February 2006). "Classification and terminology of non-financial assets". https://millenniumindicators.un.org/unsd/nationalaccount/AEG/papers/m4AssetTerminology.pdf.
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