- 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.
- assessed value,
- assessment arrangements,
- asset value,
- asset-backed fund,
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|Eleanor Clift|January 8, 2015|DAILY BEAST
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|DAILY BEAST
McCain said he would not be impacted financially by being subject to a visa ban and asset freeze in the Russian Federation.
Even Russian business leaders could be targets for asset freezes and visa bans.
To a degree, then, the Bernanke years were ones in which asset inequality helped produce greater income inequality.
In the social republic, the child as a future citizen is an asset of the state, not the property of its parents.Euthenics, the science of controllable environment|Ellen H. Richards
I count Russia on neither side, but she is still a liability more than an asset to the Germans.G. H. Q.|Frank Fox
The miserly miller considered Ruth Fielding a liability; she proved herself in time to be an asset.Ruth Fielding Homeward Bound|Alice B. Emerson
British Coal Measures are an asset which enables the country to keep industries going, but it is a wasting asset.Rebuilding Britain|Alfred Hopkinson
The old doctor used to say my memory was an asset to the sanatorium.Where There's A Will|Mary Roberts Rinehart
Word Origin for asset
A possession that can be turned into cash to cover liabilities.