Legal Definitions - hard asset

Definition: A hard asset is a type of real asset that has intrinsic value and can be physically touched or held. It refers to tangible assets such as real estate, gold, silver, and other precious metals, machinery, and equipment.

Examples: Real estate, gold, silver, machinery, and equipment are all examples of hard assets. For instance, a piece of land is a hard asset because it has intrinsic value and can be physically touched or held. Similarly, gold and silver are hard assets because they have value and can be held in physical form.

Explanation: Hard assets are considered to be a good investment because they have intrinsic value and are not subject to the same market fluctuations as other types of assets. For example, the value of a piece of real estate may fluctuate, but it will always have some value because it is a tangible asset. Similarly, gold and silver have been used as a store of value for centuries because they are tangible assets that have intrinsic value.