asset
noun
- 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.
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Origin of asset
Examples from the Web for assets
Contemporary Examples of assets
Authorities have seized more than $250 million in assets from businesses across Rome.
However, since he was living at home, our income and assets disqualified him from SSI and Medicaid.
Medicaid Will Give You Money for At-Home Care, but You Might Wait YearsElizabeth Picciuto
December 2, 2014
He was later sued by his lawyers in London for failing to pay $419,400 in counsel fees when his assets were frozen.
Just last week, a New Zealand court ruled he could no longer continue hiding his assets.
By Aug. 20, Ponomarev said he learned that all of his Russian assets were frozen.
Historical Examples of assets
Gower had debts and no assets save his land on the Squitty cliffs and the closed cannery at Folly Bay.
Poor Man's RockBertrand W. Sinclair
The copies of our reports are assets and should be realized on.
My grandfather seems to have mislaid or lost most of his assets before he died.
The House of a Thousand CandlesMeredith Nicholson
Only after expensive litigation could Receiver Waite hope to add insurance and bond money to the assets.
When Egypt Went BrokeHolman Day
Your assets of every sort will not return your creditors—I should say your creditor—fifteen per cent.
MortmainArthur Cheny Train