From Open Risk Manual


Right in Accounting context is a Claim on some physical object or another party that has the potential to produce economic benefits. Rights are established by Contract or Legislation or similar means and can be enforced within the context of the relevant jurisdiction.

In broader legal system concext a 'right' is a legal, social, or ethical principle of freedom or entitlement which dictate the norms regarding what is allowed or owed. Rights as a concept encompass a broad area of norms and entities.


  • Right to receive cash (e.g., from financial contacts or sales contracts)
  • Right to receive goods or services (from purchase contracts)
  • Right to exchange resources (derivatives contracts)
  • Contigent "Rights" from options contracts
  • Right to use intellectual property
  • Right to use property, plant and equipment

See Also