assets

as-sets · noun

imported

Definitions

noun

  1. 1.

    Plural of "asset"; valuable things, people, or qualities.

  2. 2.

    (Finance/Business) All property and resources owned by a person or organization.

  3. 3.

    (Law) Property available to pay debts or settle an estate.

Phrases & expressions

  • •
    assets and liabilities — the complete financial picture of an organization
  • •
    tangible assets — physical property like buildings and equipment
  • •
    intangible assets — non-physical value like patents and trademarks
  • •
    current assets — assets expected to be converted to cash within a year

Related words

Antonyms: debts, liabilities
See also: asset, liabilities, property
Synonyms: holdings, possessions, property, resources

Etymology

From Anglo-French asetz ("enough, sufficient"), from Old French assez ("enough").