Die Heuning Pot Literature Guide
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Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Assets

Definition:

It's just wut u got. For the average orthodontist married to a school teacher in Peoria, IL, their assets consist of $253,432 in a Schwab One brokerage account, a home valued at $643,000 with a $300,000 mortgage (their equity in the home is $343,000), $20,000 in a B of A account. And $92,302 in a teacher's retirement pension account. And $12,000 worth of crap in their garage that really should be sold on eBay. That's it. Oh, and they have love.

For corporations, the numbers are bigger but the idea is the same (minus the love unless you work for Southwest Airlines - look up the ticker).

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