Explain "Financial Asset" under Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (SARFAESI) Act, 2002.

Financial Asset 'Financial asset' under section 2(1) of the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 means debt or receivable and includes: a claim to any debt or receivables or part thereof whether secured or unsecured; or any debt or receivables secured by, mortgage of, or charge on, immovable property; or a mortgage, charge, hypothecation or pledge of movable property; or any right or interest in the security, whether full or part underlying such debt, receivables, or beneficial interest in property movable or immovable or debt receivables, whether such interest is existing, future, accruing, conditional or contingent or any financial assistance.