What does asset mean?
Definitions for asset
ˈæs ɛtas·set
This dictionary definitions page includes all the possible meanings, example usage and translations of the word asset.
Princeton's WordNet
asset, plusnoun
a useful or valuable quality
Wiktionary
assetnoun
Something or someone of any value; any portion of one's property or effects so considered.
These shares are a valuable asset.
assetnoun
Any component, model, process or framework of value that can be leveraged or reused.
assetnoun
intelligence asset
Etymology: From asetz, from assez "enough".
Wikipedia
Asset
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). The balance sheet of a firm records the monetary value of the assets owned by that firm. It covers money and other valuables belonging to an individual or to a business.Assets can be grouped into two major classes: tangible assets and intangible assets. Tangible assets contain various subclasses, including current assets and fixed assets. Current assets include cash, inventory, accounts receivable, while fixed assets include land, buildings and equipment. Intangible assets are non-physical resources and rights that have a value to the firm because they give the firm an advantage in the marketplace. Intangible assets include goodwill, copyrights, trademarks, patents, computer programs, and financial assets, including financial investments, bonds, and stocks.
ChatGPT
asset
An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide future benefits. Assets can be tangible or intangible and are used to increase the value of the entity that owns them, or to provide a benefit to it. They are usually bought or created to directly generate income or appreciate over time. Examples of assets include cash, real estate, equipment, investments, and intellectual property.
Webster Dictionary
Assetnoun
any article or separable part of one's assets
Wikidata
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.
Editors Contribution
asset
A resource with a known value.
Assets are an important part of a business finances.
Submitted by MaryC on March 4, 2020
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'asset' in Spoken Corpus Frequency: #4378
Nouns Frequency
Rank popularity for the word 'asset' in Nouns Frequency: #738
Anagrams for asset »
sates
seats
setas
tasse
Tessa
TESSA
Numerology
Chaldean Numerology
The numerical value of asset in Chaldean Numerology is: 7
Pythagorean Numerology
The numerical value of asset in Pythagorean Numerology is: 1
Examples of asset in a Sentence
We have every available asset at the police department working on this case right now.
Giving its plutonium away and paying for it would expose the Japanese to the reality of plutonium as a liability rather than an asset.
She's been an asset for the sport and probably inspired many, she's been a great ambassador for the sport in general.
We must never forget that we are only ever a few short steps away from the very serious risk of losing the irreplaceable asset of trust.
I believe this engagement should give us greater insight into whether and how asset management products and activities could create risks to US financial stability.
Popularity rank by frequency of use
Translations for asset
From our Multilingual Translation Dictionary
- الأصولArabic
- актив, авоариBulgarian
- aktivumCzech
- aktivDanish
- Vermögenswert, AktivaGerman
- περιουσιακό στοιχείο, ενεργητικόGreek
- valor, activo, bienSpanish
- avoir, actif, atoutFrench
- נכסHebrew
- संपत्तिHindi
- proprietà, risorsa, possedimento, beneItalian
- 資産Japanese
- 자산Korean
- dignissimLatin
- rirongaMāori
- activaDutch
- ressursNorwegian
- kapitałPolish
- ativo, de ativos, activo, bemPortuguese
- имущество, авуары, актив, активы, собственностьRussian
- tillgångSwedish
- maliSwahili
- ఆస్థిTelugu
- اثاثہUrdu
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