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.