monetary asset definition accounting
Monetary Asset. Definition: A monetary asset is an asset whose value is stated in or convertible into a fixed amount of cash. Thus, $50,000 of cash now will still be considered $50,000 of cash one year from now.Examples of monetary assets are cash, investments, accounts receivable, and notes receivable.The term can be more tightly defined to exclude any assets that cannot be readily converted into cash (such as long-term investments or notes receivable).xamples of monetary assets are cash, investments, accounts receivable, and notes receivable. The term can be more tightly defined to exclude any assets that cannot be readily converted into cash (such as long-term investments or notes receivable).