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How Are Assets Defined in a Balance Sheet? What Types

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How are assets defined in a Balance Sheet? What types of assets are usually included in this financial document?


Definitions:

Annuity

A financial instrument that provides a regular sequence of payments to a person, mainly serving as a source of income for those who have retired.

Rate of Return

The gain or loss of an investment over a specified period, expressed as a percentage of the investment's initial cost.

Withdraw

To withdraw means to remove funds from an account or investment, or to take back an offer or statement.

Retire

To retire means to leave one's job or profession, often due to reaching a certain age or for health reasons, and generally implies ending regular employment to enjoy leisure, hobbies, or other interests.

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