Difference between Property and Asset

What is the difference between Property and Asset?

Property as a noun is something that is owned. while Asset as a noun is something or someone of any value; any portion of one's property or effects so considered.

Property

Part of speech: noun

Definition: Something that is owned. A piece of real estate, such as a parcel of land. The exclusive right of possessing, enjoying and disposing of a thing. An attribute or abstract quality associated with an individual, object or concept. An attribute or abstract quality which is characteristic of a class of objects. An editable or read-only parameter associated with an application, component or class, or the value of such a parameter. An object used in a dramatic production

Asset

Part of speech: noun

Definition: Something or someone of any value; any portion of one's property or effects so considered.Any component, model, process or framework of value that can be leveraged or reused.

We hope you now know whether to use Property or Asset in your sentence.

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