Asset Definition

ăsĕt
assets
noun
assets
A useful or valuable quality, person, or thing; an advantage or resource.
Proved herself an asset to the company.
American Heritage
Anything owned that has exchange value.
Webster's New World
A valuable item that is owned.
American Heritage
A valuable or desirable thing to have.
Charm is your chief asset.
Webster's New World
A spy working in his or her own country and controlled by the enemy.
American Heritage
Antonyms:
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pronoun
Initialism of Association of Supervisory Staffs, Executives and Technicians.
Wiktionary
other
Cash, accounts receivables, property, or equipment that has value and is listed on a company’s balance sheet. An asset may be bought or sold and its price can range from hundreds of dollars to millions of dollars.
Webster's New World Finance
For income tax purposes, most property of the taxpayer except for a few certain business assets (for example, inventory and stock in trade) and other property excluded by the Internal Revenue Code.
Webster's New World Law
An asset that is not a physical thing and only evidenced by a written document. For example, a debt that is owed to a taxpayer is an intangible asset.
Webster's New World Law
An asset that is a physical thing, such as land, buildings, and goods.
Webster's New World Law
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Other Word Forms of Asset

Noun

Singular:
asset
Plural:
assets

Origin of Asset

  • Back-formation from English assets sufficient goods to settle a testator's debts and legacies from Anglo-Norman asetz from asez enough from Vulgar Latin ad satis to sufficiency Latin ad to ad– Latin satis enough sā- in Indo-European roots

    From American Heritage Dictionary of the English Language, 5th Edition

  • From Anglo-Norman asetz, from Old French assez "enough".

    From Wiktionary

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