Asset Records Search Key Terms

Learn key terms associated with asset records to perform records searches efficiently

Asset records can contain information about personal or business investments or acquisitions, and help businesses and investors keep track of investment or property assets and their values. Searching asset records can help determine details about an asset acquisition and determine its current status and value.

Asset records searches can be conducted for use in legal proceedings, asset sales or just to maintain an asset inventory. It's important to understand key terminology frequently found in asset records to ensure that asset records searches produce correct and useful information.

 

Digital asset management

Digital asset management, or DAM, is the use of digital tools like online documents and email to organize and manage assets. Digital asset management often includes asset file categorization and security software installation.
Try: Tech-FAQ explains digital asset management and how it helps organize assets and digital asset data.

Asset allocation

Asset allocation is a method of determining valuable assets to invest in or collect based on individual financial goals and market risks. Asset allocation varies by individual or company and attempts to balance the risk of each asset acquired by analyzing data about the assets.
Try: Investopedia explains how asset allocation works and how it functions to minimize asset investment risk.

Asset exemption

Asset exemption is an asset that is ruled by the federal government to be exempt from seizure by collection agencies or in bankruptcy proceedings. Common asset exemptions include retirement plan exemptions and tools of the trade exemptions. Asset records searches are often done to determine asset exemptions in legal cases.
Try: The Business Owner's Toolkit explains asset exemptions and how to protect them during legal proceedings.

Durable assets

Durable assets are typically large items that can be used in the production of goods or services. They are assets that last for long periods of time and can often be used in many ways. Asset records will often include tools, farm machinery and automobiles as durable assets.
Try: The Public Sphere Project explains durable assets and how these assets are beneficial.

Accumulated depreciation

Accumulated depreciation is the decrease in the value of an asset from the date it was acquired to present, based on age, wear and tear, market value and degree of use. Asset records searches can be used to find sale dates for assets to determine accumulated depreciation.
Try: wiseGEEK defines accumulated depreciation and explains how it is affected by the asset entity and market changes since the asset's acquisition.

Liquid assets

Liquid assets consist of cash or any assets that can be converted quickly into cash, such as gift certificates, bank notes or savings bonds. Asset record searches are often performed by creditors or collection agencies to determine the liquidity of assets of an investor or company.
Try: BusinessDictionary.com explains liquid assets and how they can be converted into cash quickly.

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