Assets definition

Plural form of asset.
noun
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1
(law) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.
noun
2
2
(finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.

His assets are much greater than his liabilities.

noun
0
0
Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
noun
0
0
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Assets Sentence Examples

  • The life insurance companies have assets to the value of about $225,000,000.

  • The indigenous population must be considered one of the assets of Liberia.

  • The assets of the Trade Departments were valued at £110,657 in 1909.

  • Banking.-There are four banks of issue, of which two are local institutions; their united assets average £3,576,700.

  • And while it does this, a governing body must ensure the solvency of the college and safeguard its assets.

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