Financial asset: stocks, bonds, warrants, options.
Real assets (equipment, intangible assets, buildings, land.
Securities:Equities and bonds, which are publicly traded (for example, equity in stock exchanges) or privately traded
Derivativespay their purchasers an amount based on an underlying. The underlying can be a stock price, an interest rate, etc
Debt and equity are traded in traditional markets. Assets traded in alternative markets include commodities, equipment, hedge funds, etc. These markets may be quite illiquid.