asset management


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asset management

(business)
The process whereby a large organisation collects and maintains a comprehensive list of the items it owns such as hardware and software. This data is used in connection with the financial aspects of ownership such as calculating the total cost of ownership, depreciation, licensing, maintenance, and insurance.
References in periodicals archive ?
With its vast people resources, progressive regulators, favorable demographics and an economy growing more than eight per cent per annum, India is not only an attractive destination for foreign capital in general but also is a promising market for asset management in particular.
Technologies supported in the agreement include IBM's WebSphere(a) Internet infrastructure software, the IBM eServer (pSeries(a) and xSeries(a)) hardware platform, AIX(a) operating system and DB2(a) Data Management software along with MRO Software's industry leading asset management solution, MAXIMO.
An asset management account affords savers the opportunity to constantly have their money working for them," notes Vernon Brown, a certified financial planner and partner with Bilal, Brown & Williams in Tarrytown, N.

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