asset statement

USAGE SUMMARY

The phrase "asset statement" is correct and usable in written English.
It can be used in financial contexts to refer to a document that outlines an individual's or organization's assets and their values. Example: "Before applying for the loan, you will need to provide an asset statement to demonstrate your financial stability."

✓ Grammatically correct

News & Media

Wiki

Formal & Business

Human-verified examples from authoritative sources

Exact Expressions

2 human-written examples

I had to complete an asset statement.

The New York Times

The NCCC proved equally bold: in March 2000, it ruled that Sanan Kachornprasart, the secretary-general of the ruling Democrat party, had filed a false asset statement.

The Economist

Human-verified similar examples from authoritative sources

Similar Expressions

54 human-written examples

This should include asset statements, corporate accounting reports, tax returns, and other relevant financial information, along with your own personal financial records.

Huffington Post

Companies claim to have learned lessons from past downsizing disasters, and to be trying much harder to keep their "most valuable assets" (see statement of corporate values, if still applicable), or at least to fire them kindly.

The Economist

"Treasury has the right to recover proceeds from the disposition of the liquidation trust associated with the bankruptcy of Old Chrysler, but does not expect a material recovery from those assets," the statement said.

The New York Times

"Colony Capital and Eurazeo's increased stakes demonstrate their confidence in the management team and their strategy, the group's potential for value creation and the strength of its assets," the statement said.

The New York Times

Harvard University's $26 billion endowment sold a chunk of its private equity portfolio at what now seems like a low point in the secondary market for such assets, financial statements show.

Forbes

In a statement, Asset Acceptance said that the settlement ended an F.T.C. investigation that began nearly six years ago, and that the company did not admit to any of the allegations.

The New York Times

- You will need to meet and negotiate your assets and debts with your spouse by completing the following forms together: Asset and Debt Statement Form.

WikiHow

At the same time, Tepco would be required to make aggressive cost cuts, like selling real estate and other assets, the ministry statement said.

The New York Times

Citco prepared monthly net asset value (NAV) statements to the hedge fund's investors.

Forbes

Expert writing Tips

Best practice

When preparing an "asset statement", ensure all values are accurate and verifiable with supporting documentation. This enhances credibility and avoids potential discrepancies during review.

Common error

Avoid the common mistake of omitting assets from your "asset statement". Ensure all holdings, including investments, real estate, and personal property, are accurately listed to provide a comprehensive financial picture.

Linguistic Context

The phrase "asset statement" primarily functions as a noun phrase, referring to a formal or informal document that summarizes an individual's or organization's assets. Ludwig examples show its use in contexts ranging from personal finance to corporate reporting.

Expression frequency: Uncommon

Frequent in

News & Media

50%

Formal & Business

25%

Wiki

25%

Less common in

Science

0%

Academia

0%

Encyclopedias

0%

Ludwig's WRAP-UP

The phrase "asset statement" is a grammatically correct noun phrase used to describe a document summarizing an individual's or organization's assets. As confirmed by Ludwig, it serves the purpose of providing a clear overview of financial holdings, often for financial planning or demonstration of financial stability. While categorized as uncommon in frequency, its usage is widespread across news and media, formal business contexts, and even wikis. When preparing an "asset statement", accuracy and completeness are crucial. For alternative phrasing, consider "financial declaration" or "schedule of assets".

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

schedule of assets

Focuses specifically on the listing of assets, a core part of an asset statement.

net asset statement

A statement specifically focused on the net assets of an individual or entity.

statement of net worth

Highlights the net value of assets, a key component of an asset statement.

financial declaration

Focuses on the act of declaring finances, similar to providing an asset statement.

financial position statement

A formal term for a document outlining an entity's financial standing.

wealth disclosure

Emphasizes the revealing of one's wealth, which an asset statement accomplishes.

property declaration

Emphasizes the declaration of properties owned, often part of an asset statement.

financial affidavit

Suggests a sworn statement regarding finances, similar to the formal nature of some asset statements.

capital statement

Highlights the capital aspect, referring to the financial resources of an entity.

balance sheet

Refers to a financial statement summarizing assets, liabilities, and equity at a specific point in time.

FAQs

How is an "asset statement" used in financial planning?

An "asset statement" provides a snapshot of your net worth, helping financial planners assess your current financial situation, set realistic goals, and develop strategies for wealth accumulation and management.

What's the difference between an "asset statement" and a balance sheet?

While both documents outline assets, an "asset statement" is often a simpler, less formal overview for individuals, while a balance sheet is a standardized financial statement used by businesses to present a comprehensive view of their financial position, including liabilities and equity.

What should I include in my "asset statement"?

Include all assets you own, such as cash, investments, real estate, vehicles, and valuable personal property. Be sure to list accurate values and any associated liabilities.

Are there alternatives to using an "asset statement"?

Depending on the context, you can use alternatives such as a "financial declaration", "wealth disclosure", or "statement of net worth" to convey similar information.