Asset (definition)

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.