Definitions for Assetˈæs ɛt

This page provides all possible meanings and translations of the word Asset

Random House Webster's College Dictionary

as•setˈæs ɛt(n.)

  1. a useful and desirable thing or quality:

    Organizational ability is an asset.

  2. a single item of ownership having exchange value.

    Category: Business

  3. assets, the total resources of a person or business, as cash, notes and accounts receivable, securities, goodwill, or real estate the items detailed on a balance sheet, esp. in relation to liabilities and capital. all property available for the payment of debts, esp. of a bankrupt firm or person. property of a deceased that can be used to pay debts or legacies.

    Category: Business, Law

    Ref: (opposed to liabilities ).

Origin of asset:

1525–35; back formation from assets, in phrase have assets, lit., have enough < AF, OF asez enough. See assai1


Princeton's WordNet

  1. asset, plus(noun)

    a useful or valuable quality

Kernerman English Learner's Dictionary

  1. asset(noun)ˈæs ɛt

    things of value owned by sb

    company assets

  2. assetˈæs ɛt

    sb or sth that brings advantages; = advantage

    Intelligence is his biggest asset.; She is an asset to the company.


  1. asset(Noun)

    Something or someone of any value; any portion of one's property or effects so considered.

    These shares are a valuable asset.

  2. asset(Noun)

    Any component, model, process or framework of value that can be leveraged or reused.

  3. asset(Noun)

    intelligence asset

  4. Origin: From asetz, from assez "enough".

Webster Dictionary

  1. Asset(noun)

    any article or separable part of one's assets


  1. Asset

    In financial accounting, assets are economic resources. Anything tangible or intangible that is capable of being owned or controlled to produce value and that is held to have positive economic value is considered an asset. Simply stated, assets represent value of ownership that can be converted into cash. The balance sheet of a firm records the monetary value of the assets owned by the firm. It is money and other valuables belonging to an individual or business. Two major asset classes are tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include inventory, while fixed assets include such items as buildings and equipment. Intangible assets are nonphysical resources and rights that have a value to the firm because they give the firm some kind of advantage in the market place. Examples of intangible assets are goodwill, copyrights, trademarks, patents and computer programs, and financial assets, including such items as accounts receivable, bonds and stocks.

British National Corpus

  1. Spoken Corpus Frequency

    Rank popularity for the word 'Asset' in Spoken Corpus Frequency: #4378

  2. Nouns Frequency

    Rank popularity for the word 'Asset' in Nouns Frequency: #738

Translations for Asset

Kernerman English Multilingual Dictionary


anything useful or valuable; an advantage

He is a great asset to the school.

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