asset

An asset is a person or thing that has value. (noun)

See asset in Webster's New World College Dictionary

noun

anything owned that has exchange value
a valuable or desirable thing to have: charm is your chief asset
Accounting all the entries on a balance sheet showing the entire resources of a person or business, tangible and intangible, including accounts and notes receivable, cash, inventory, equipment, real estate, goodwill, etc.
Law
1. property, as of a business, a bankrupt, etc.
2. the property of a deceased person available to his or her estate for the payment of debts and legacies

See asset in American Heritage Dictionary 4

(ăsˈĕtˌ)

noun

A useful or valuable quality, person, or thing; an advantage or resource: proved herself an asset to the company.
A valuable item that is owned.
A spy working in his or her own country and controlled by the enemy.
assets
a. Accounting The entries on a balance sheet showing all properties, both tangible and intangible, and claims against others that may be applied to cover the liabilities of a person or business. Assets can include cash, stock, inventories, property rights, and goodwill.
b. The entire property owned by a person, especially a bankrupt, that can be used to settle debts.

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