posted on 06-06-2019

Hard Asset

Updated October 1, 2019

What is a Hard Asset?

A hard asset is a physical, or tangible, asset. It is the opposite of an intangible asset.

How Does a Hard Asset Work?

Hard assets include financial instruments, property, deposit and savings accounts, and commodities (for example precious metals, crops, and oil). By contrast, intangible assets include patents and reputability.

Why Does a Hard Asset Matter?

Hard assets carry intrinsic value subject to fluctuations and may be traded in a primary or secondary market.


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Related Definitions

Asset
An asset is an economic resource that a) can be owned, and b) is expected to provide future economic benefits.   See More
Intangible Asset
An intangible asset is an asset that lacks a physical substance.  See More
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Savings
In economics, savings is the amount that is left after spending. In banking, savings refers to savings accounts, which are short-term, interest-bearing... See More
Patent
A patent is a grant of property rights to an invention. In the United States, this is done through the U.S. Patent and Trademark Office. See More
Intrinsic Value
Intrinsic value has two primary connotations in the finance world. In the options-trading world, the term refers to the difference between the option's strike... See More
Market
A market is a location where buyers and sellers meet to exchange goods and services at prices determined by the forces of supply and demand. See More

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