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net exposed assets. Definition. The difference between the exposed assets subtracted from exposed liabilities. These assets can refer to market values or book values. A business is long in currency if its net exposed assets are positive, i.e. the exposed assets are greater than their exposed liabilities. A business is short in currency if its net exposed assets are negative.
Control by a Particular Entity. The definition defines assets in relation to specific entities. An asset is an asset of some entity. No asset can simultaneously be an asset of more than one entity, although some physical assets may provide future economic benefits to two or more entities at the same time.ll of those sections are part of the definition of assets. The definition of assets is in Concept Statement 6, paragraph 25 : Assets are probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.