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". Insee.fr - Institut national de la statistique et des études économiques.
^ "OECD Glossary of Statistical Terms - Non-financial assets Definition".
^ "Glossary:Non-financial non-produced assets". Eurostat.
^ Harrison, Anne (8 February 2006). "Classification and terminology of non-financial assets" (PDF). Advisory Expert Group on National Accounts.

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[1] "The national accounts in 2015". Insee.fr - Institut national de la statistique et des études économiques.

[2] "OECD Glossary of Statistical Terms - Non-financial assets Definition".

[3] "Glossary:Non-financial non-produced assets". Eurostat.

[4] Harrison, Anne (8 February 2006). "Classification and terminology of non-financial assets" (PDF). Advisory Expert Group on National Accounts.

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