asset

as-set · noun

imported

Definitions

noun

  1. 1.

    A useful or valuable thing, person, or quality.

  2. 2.

    (Finance/Business) An item of property owned by a person or company, regarded as having value.

  3. 3.

    (plural) The total property of a person or organization, especially as applicable to debts.

Forms

plural: assets

Phrases & expressions

  • •
    asset management — professional management of investments
  • •
    fixed assets — long-term tangible property (buildings, equipment)
  • •
    liquid assets — assets easily converted to cash
  • •
    frozen assets — assets that cannot be accessed due to legal restrictions

Related words

Antonyms: debt, drawback, liability
See also: assets, liability, property, resource
Synonyms: advantage, possession, property, resource

Etymology

From Anglo-French asetz ("enough, sufficient"), from Old French assez ("enough"), from Vulgar Latin ad satis ("to sufficiency"). Originally a legal term for property sufficient to pay debts.