The crossword solution for the term 'ITEM OF VALUE' is 'ASSET'. An ASSET is an item of value that can be owned or controlled to produce positive economic value. Assets are typically divided into two categories: tangible assets, such as land, buildings, and equipment; and intangible assets, such as intellectual property, goodwill, and financial instruments. Assets can also be categorized as current assets, which are expected to be converted to cash within one year, and long-term assets, which are held for more than one year.