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 plan or defined contribution plan);
- fixed and variable annuities;
- whole, universal, and variable life insurance;
- certain beneficial interests in trusts and estates;
- collectible items held for resale or investment;
- accounts or other funds receivable;
- income receivables, such as anticipated bonuses, severance, and honoraria; and
- capital accounts or other asset ownership in a business.