- a useful and desirable thing or quality: Organizational ability is an asset.
- a single item of ownership having exchange value.
- items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities).
- Accounting.the items detailed on a balance sheet, especially in relation to liabilities and capital.
- all property available for the payment of debts, especially of a bankrupt or insolvent firm or person.
- Law.property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person.
Origin of asset
Examples from the Web for asset
First, his credentials: He did international mergers and acquisitions at Lazard, a financial and asset management firm.Sen. Warren’s Main Street Crusade to Pressure Clinton
January 8, 2015
To be sure, visa restrictions and asset freezes have been announced targeting Putin cronies.Obama’s Nuclear Summit Aimed to Stop Terrorists. Now Putin’s the Issue.
Christopher Dickey, Jamie Dettmer, Nadette De Visser
March 25, 2014
McCain said he would not be impacted financially by being subject to a visa ban and asset freeze in the Russian Federation.Exclusive: Russia Will Sanction U.S. Senators
March 17, 2014
Even Russian business leaders could be targets for asset freezes and visa bans.Inside Obama’s Plans to Squeeze Russia
March 3, 2014
To a degree, then, the Bernanke years were ones in which asset inequality helped produce greater income inequality.Bernanke Drop the Mic as He Exits the Fed
December 19, 2013
They all of them have to admit that I'm honest—that's an asset that nobody can dispute.Mixed Faces
What however went first of all or rather vanished was nothing in the nature of an asset.Chance
Your beauty is as tangible an asset as money would be; but beauty requires money.Jewel
Clara Louise Burnham
And believe me, he knows whether you are an asset or a liability to his show.The Art of Stage Dancing
And in the balance she had confidently thrown the asset of my assisting her.
- anything valuable or usefulexperience is their main asset See also assets
Word Origin and History for asset
A possession that can be turned into cash to cover liabilities.