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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.]


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]


Property, goods or money owned by an individual or firm.
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
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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.
References in classic literature ?
Who would ever have sup- posed that I should live to list up assets of that sort.
There was a sale of the furniture and lease, at Norwood; and Tiffey told me, little thinking how interested I was in the story, that, paying all the just debts of the deceased, and deducting his share of outstanding bad and doubtful debts due to the firm, he wouldn't give a thousand pounds for all the assets remaining.
But my assets are very low: My little income's overspent: To trench on capital, you know, Is always inconvenient
And in any case, even supposing negations which only a morbid distrust could imagine, Fred had always (at that time) his father's pocket as a last resource, so that his assets of hopefulness had a sort of gorgeous superfluity about them.
debtors there is still a good deal of confusion between assets and
I am no statesman," said the notary; "I see in a ruler a liquidator of society which should always remain in liquidation; he should hand over to his successor the exact value of the assets which he received.
The dog too went: the most noble-looking item in the beggarly assets.
Presently he began to inventory his assets, mentally, and shortly he found himself comparing them with those of his rival.
Sedley, who thought the Major had some roguish intentions of his own about the money, was strongly against this plan; and he went to the agents to protest personally against the employment of the money in question, when he learned, to his surprise, that there had been no such sum in their hands, that all the late Captain's assets did not amount to a hundred pounds, and that the five hundred pounds in question must be a separate sum, of which Major Dobbin knew the particulars.
Nor had she been ignorant of such assets as surprise and charm.
Gore, and the deficiency at the bank, as well as the other debts which would make the assets shrink into unequivocal disproportion; "not more than ten or twelve shillings in the pound," predicted Mr.
Of course, in the future society there will be no need of assets, but her part will have another significance, rational and in harmony with her environment.