Asset

/ˈasɛt/

Meaning & Definition

noun

A useful or valuable thing, person, or quality.

Her ability to speak multiple languages is a significant asset in her career.

An item of property owned by a person or company, regarded as having value.

The company's assets include real estate, machinery, and intellectual property.

In accounting, any resource owned by a business that is expected to provide future economic benefits.

Investors often examine a firm's balance sheet to assess its assets before making investment decisions.

Middle English, from the Old French 'asset', past participle of 'asseoir' meaning 'to sit' or 'to settle'.

liquid asset

An asset that can be quickly converted into cash.

tangible asset

Physical assets that can be touched or physically measured.

intangible asset

Non-physical assets like patents or trademarks.

liabilities

What a company owes; debts or obligations.

equity

The value of ownership interest in an asset.

Someone very valuable to a group or team.

He's an asset to our club; we couldn't do without him.

A person with desirable qualities or skills.

She's such an asset at work; her ideas always improve the project.