A Financial Asset is a non-physical asset that derives its value from a contractual claim, such as stocks, bonds, cash, or bank deposits.
Financial Assets represent ownership or a right to receive future cash flows. Unlike physical assets (like land or machinery), they exist in the form of documents or digital records.
These assets are widely used for investment, wealth creation, and financial planning.
"Owning shares of a company or holding a fixed deposit in a bank are examples of financial assets."