1. principle-a basic generalization that is accepted as true and that can be used as a basis for reasoning or conduct; their principles of composition characterized all their works. rule. generalisation, generality, generalization-an idea or conclusion having general application; he spoke in broad generalities.
World Finance Â» Asset Management. Asset management is defined as the systematic process of long term maintenance of assets, with the objective of bringing out the best results from the assets. Asset Management is an important part of the financial sector throughout the world. It manages huge amounts of investments and helps clients reach a financial goal within a specific period of time. Asset management offers a wide range of investment options.
It then discusses the âmanagementâ. aspect of asset management, linking asset management to the âclassicalâ generalized. definition of management. It concludes by looking at how asset management might be. implemented in a water or wastewater utility, and examines some of the institutional. barriers that utility managers should be aware of. KEYWORDS. Asset management, life-cycle costing, cost of asset ownership, competitiveness, GASB.