### Question
How is the term assets defined?


### Answer
The term **assets** is defined in *20 U.S.C. § 1087vv* as the following:

> cash on hand, including the amount in checking and savings accounts, time deposits, money market funds, trusts, stocks, bonds, other securities, mutual funds, tax shelters, and the net value of real estate, income producing property, and business and farm assets

#### Citation:
  - *20 U.S.C. § 1087vv*
  - Heading: **CHAPTER 27-NATIONAL VOCATIONAL STUDENT LOAN INSURANCE > SUBCHAPTER IV-STUDENT ASSISTANCE > Part E-Need Analysis**

