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Financialassetsnew 091006012058 Phpapp02
Financialassetsnew 091006012058 Phpapp02
Or Claims on real assets such as stocks and bonds etc are called financial assets. Or A financial asset is not tangible. Instead, its existence is "represented by evidence of its existence such as a paper certificate, like money, a savings passbook, a stock certificate, or a bond. The paper in money has no intrinsic value. Its value is derived by virtue of what it represents.
Pieces of paper evidencing a claim on some issuer are called financial assets. Or A paper (or electronic) claim on some issuer is called financial assets.