In financial accounting, an asset is an economic resource. Anything tangible or intangible that can be owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset).

The Association of Supervisory Staffs, Executives and Technicians (ASSET), was a British trade union, chiefly representing supervisors in the metal working and transport industries. It was formed from the National Foremen's Association, founded in 1918.