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Most Liable Asset (MLA)

One who is value-less in a relationship but liable for all losses.
Gigi : Quick gun murugan is Most Liable Asset (MLA)😅.
Legend: Oh! So you are saying that he has Negative-Worth💰.
by Umgaoda July 26, 2022
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Digital Transfer of assets

The right to transfer digital assets from one person to another is digital transfer of assets.
digital assets from one person to another is digital transfer of assets
by s j tubrazy April 13, 2013
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digital asset

Digital asset is an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.
The term takes into account the essential semantic features of the phenomenon under consideration and is characterized by four components: economic, legal, information, value.

1. Economic component’s significance in the financial field is represented by a unique identifier.

2. Legal component is represented in the legal field by a derivative of the right. A digital asset is not the right to a value in its interpretation, but it has attributes of a derivative of the right to a value.
3. Information component is represented in the IT field by an information resource circulating in the distributed ledger. A digital asset is an information resource in the sense that the information on a value presented in a digital form has such main properties of an information resource as:

a) information is structured according to certain parameters and categories;

b) information is recorded on a digital medium;

c) information can be stored, transmitted, exchanged, used, etc. In addition, a digital asset in our understanding has an additional property – information on a value is formed by the owner of this value.
4. Value component is represented in the field of tangible and intangible assets by the “value” component. Digital asset is a kind of a guaranteed right to claim a certain value inherent in this digital asset.
In other words, a digital asset serves as a digital display of value.
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Freezing Asset Rich

Being wealthy enough to have the US government freeze your assets
I don't want to be just rich. I want to be freezing asset rich
by johnself April 28, 2014
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Digital asset

Digital asset is an information resource derivative of the right to a value and circulating in the distributed ledger in the form of a unique identifier.

The term takes into account the essential semantic features of the phenomenon and is characterized by four components: economic, legal, information, value.

1. Economic component in the context of the definition of the term “digital asset”. This component’s significance in the financial field is represented by a unique identifier.

2. Legal component is represented in the legal field by a derivative of the right. A digital asset is not the right to a value in its interpretation, but it has attributes of a derivative of the right to a value.
3. Information component is represented in the IT field by an information resource circulating in the distributed ledger. A digital asset has such main properties of an information resource as:

a) information is structured according to certain parameters and categories;

b) information is recorded on a digital medium;

c) information can be stored, transmitted, exchanged, used, etc. In addition, a digital asset in our understanding has an additional property – information on a value is formed by the owner of this value.
4. Value component is represented in the field of tangible and intangible assets. Digital asset is a kind of a guaranteed right to claim a certain value inherent in this digital asset. In other words, a digital asset serves as a digital display of value.
With the emergence of the distributed ledger technology, whose structure guarantees safe information storage and the possibility of asset verification, the digital asset obtained a unique property.
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