Asset classes

In business and accounting by asset is meant probable future economic benefits controlled by an entity as a result of past transactions or events and from which future economic benefits may be obtained.
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The Association of Supervisory Staff, Executives and Technicians (ASSET), was a British trade union, chiefly representing supervisors in the metal working and transport industries. It was formed from the National Foremen's Association, founded in 1918.In 1929 the National Foremen's Association merged with the Amalgamated Managers' and Foremen's Association, which was active in the mining industry. In 1942 the union changed its name to the Association of Supervisory Staff and Engineering Technicians and in 1946 it changed again to the Association of Supervisory Staff, Executives and Technicians.
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Categories of assets, such as stocks, bonds, real estate, and foreign securities.