Meaning & Definition of word "Assets"
Assets
/ˈæsɛts/
noun:
- 1. Any resource owned by an individual or entity that holds economic value.
- Example: The company’s assets include real estate, machinery, and cash.
- 2. A valuable quality or characteristic that can be beneficial to an individual or organization.
- Example: Her communication skills are great assets in her role as a team leader.
- 3. Financial resources or possessions that can be used to meet obligations and generate income.
- Example: Investors are often interested in the total assets of a company when deciding to buy shares.
- 4. Items of value owned, often listed in financial statements.
- Example: The balance sheet showed that the firm's total assets had increased over the past year.
- 5. Tangible and intangible things that an individual or organization possesses.
- Example: Intellectual property can be considered one of the most valuable assets for technology companies.
Etymology
●From Middle English 'asset', from Anglo-French 'asset', 'to be enough', from Latin 'ad satis'.
Common Phrases and Expressions
liquid assets:
Assets that can be easily converted into cash.
fixed assets:
Long-term tangible pieces of property or equipment.
assets at risk:
Assets that are vulnerable to loss or damage.
Related Words
liabilities:
Obligations or debts owed by an individual or company.
equity:
The value of ownership interest in an asset after deducting liabilities.
Slang Meanings of assets
Meaning: Curvy body parts, particularly referring to a person's physical attractiveness.
● Example Sentence: She knows her assets and isn't afraid to show them off.
Meaning: A person or thing that is beneficial or helpful.
● Example Sentence: He's an asset to the team with his skills.