The term 'ANY VALUABLE THING' can be summarized as an ASSET, which is a five-letter word. An ASSET is any item of economic value owned by an individual or corporation, especially that which could be converted to cash. Assets are typically divided into two main categories: tangible assets, such as land, buildings, and equipment; and intangible assets, such as patents, copyrights, and trademarks. Assets can also be classified as current assets, which are expected to be converted to cash within one year, and long-term assets, which are expected to be converted to cash over a longer period of time.