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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.

[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 sā- in Indo-European roots.]
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.


pl n
1. (Accounting & Book-keeping) accounting the property and claims against debtors that a business enterprise may apply to discharge its liabilities. Assets may be fixed, current, liquid, or intangible and are shown balanced against liabilities. Compare liabilities
2. (Law) law the property available to an executor or administrator for settlement of the debts and payment of legacies of the estate of a deceased or insolvent person
3. (Banking & Finance) any property owned by a person or firm
[C16 (in the sense: enough to discharge one's liabilities): via Anglo-French from Old French asez enough, from Vulgar Latin ad satis (unattested), from Latin ad up to + satis enough]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014


Property, goods or money owned by an individual or firm.
Dictionary of Unfamiliar Words by Diagram Group Copyright © 2008 by Diagram Visual Information Limited
ThesaurusAntonymsRelated WordsSynonymsLegend:
Noun1.assets - anything of material value or usefulness that is owned by a person or companyassets - 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
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
Based on WordNet 3.0, Farlex clipart collection. © 2003-2012 Princeton University, Farlex Inc.
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(ˈӕset) noun
anything useful or valuable; an advantage. He is a great asset to the school.
ˈassets noun plural
the total property, money etc of a person, company etc.
Kernerman English Multilingual Dictionary © 2006-2013 K Dictionaries Ltd.
References in classic literature ?
But my assets are very low: My little income's overspent: To trench on capital, you know, Is always inconvenient!'
The dog too went: the most noble-looking item in the beggarly assets.
How D'Artagnan regulated the "Assets" of the Company before he established its "Liabilities"
It was when I would have said that I knew all Goldsmith; we often give ourselves credit for knowledge in this way without having any tangible assets; and my reading has always been very desultory.
The word formerly signified not indebtedness, but possession; it meant "own," and in the minds of debtors there is still a good deal of confusion between assets and liabilities.
Nor had she been ignorant of such assets as surprise and charm.
"Who would ever have sup- posed that I should live to list up assets of that sort.
"Nay, nay, an asset. That is what you mean, doubtless."
And what a good round belly I should have grown, what a treble chin I should have established, what a ruby nose I should have coloured for myself, so that everyone would have said, looking at me: "Here is an asset! Here is something real and solid!" And, say what you like, it is very agreeable to hear such remarks about oneself in this negative age.
"For moral courage is a worthless asset on this little floating world.
He is younger than I am, and youth is a big asset nowadays."
Come, speak frankly, mon fils; elle est encore jeune, plus agee que toi peut-etre, mais juste asset pour unir la tendresse d'une petite maman a l'amour d'une epouse devouee; n'est-ce pas que cela t'irait superieurement?"