asset
asset definition
as·set (as′et)
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
- property, as of a business, a bankrupt, etc.
- the property of a deceased person available to his or her estate for the payment of debts and legacies
Etymology: earlier assets < Anglo-Fr assetz (in legal phrase aver assetz, to have enough) < OFr assez, enough < VL *ad satis, sufficient < L ad, to + satis, enough: see sad
Webster's New World College Dictionary Copyright © 2009 by Wiley Publishing, Inc., Cleveland, Ohio.
Used by arrangement with John Wiley & Sons, Inc.
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