Asset Management
Asset Definition–noun | 1. | a useful and desirable thing or quality: Organizational ability is an asset. | | 2. | a single item of ownership having exchange value. | | 3. | assets, | a. | items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities ). | | b. | Accounting. the items detailed on a balance sheet, esp. in relation to liabilities and capital. | | c. | all property available for the payment of debts, esp. of
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a bankrupt or insolvent firm or person. | | d. | Law. property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person. | | |
From Dictionary Management Definition–noun | 1. | the act or manner of managing; handling, direction, or control. | | 2
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. | skill in managing; executive ability: great management and
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tact. | | 3. | the person or persons controlling and directing the affairs of a business, institution, etc.: The store is under new management. | | 4. | executives collectively, considered as a class (distinguished from labor ). | |
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