Assets

as·set  (st)

n.

1. A useful or valuable quality, person, or thing; an advantage or resource: proved herself an asset to the company.

2. A valuable item that is owned.

3. A spy working in his or her own country and controlled by the enemy.

4. assets

a. Accounting The entries on a balance sheet showing all properties, both tangible and intangible, and claims against others that may be applied to cover the liabilities of a person or business. Assets can include cash, stock, inventories, property rights, and goodwill.

b. The entire property owned by a person, especially a bankrupt, that can be used to settle debts.

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[Back-formation from English assets, sufficient goods to settle a testator's debts and legacies, from Anglo-Norman asetz, from asez, enough, from Vulgar Latin *ad satis, to sufficiency : Latin ad, to; see ad- + Latin satis, enough; see s- in Indo-European roots.]

Thesaurus

Noun

1.

assets - anything of material value or usefulness that is owned by a person or company possession - anything owned or possessed plural, plural form - the form of a word that is used to denote more than one share, percentage, portion, part - assets belonging to or due to or contributed by an individual person or group; "he wanted his share in cash" tax base - collective value of taxable assets receivables - money that you currently expect to receive from notes or accounts crown jewel - the most desirable assets of a corporation; "their crown jewels figured prominently in the takeover attempt" deep pocket - a source of substantial wealth (usually plural); "a patron of the arts should have deep pockets" reserve assets - capital held back from investment in order to meet probable or possible demands amount, amount of money, sum, sum of money - a quantity of money; "he borrowed a large sum"; "the amount he had in cash was insufficient" resource - available source of wealth; a new or reserve supply that can be drawn upon when needed intangible, intangible asset - assets that are saleable though not material or physical current assets, liquid assets, quick assets - assets in the form of cash (or easily convertible into cash) investment funds, investment - money that is invested with an expectation of profit equity - the difference between the market value of a property and the claims held against it security, protection - defense against financial failure; financial independence; "his pension gave him security in his old age"; "insurance provided protection against loss of wages due to illness" material resource - assets in the form of material possessions capital - wealth in the form of money or property owned by a person or business and human resources of economic value capital, working capital - assets available for use in the production of further assets cash in hand, finances, funds, monetary resource, pecuniary resource - assets in the form of money hole card - any assets that are concealed until they can be used advantageously credit - money available for a client to borrow overage - a surplus or excess of money or merchandise that is actually on hand and that exceeds expectations accounts receivable - a creditor's accounts of money owed to him; normally arise from the sale of products or services