What does Assets mean?
Definitions for Assets
as·sets
This dictionary definitions page includes all the possible meanings, example usage and translations of the word Assets.
Princeton's WordNet
assetsnoun
anything of material value or usefulness that is owned by a person or company
Wiktionary
assetsnoun
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.
assetsnoun
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.
assetsnoun
Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
Samuel Johnson's Dictionary
Assetsnoun
without the singular. Goods sufficient to discharge that burden, which is cast upon the executor or heir, in satisfying the testators or ancestors debts or legacies. Whoever pleads assets, sayeth nothing; but that the person against whom he pleads, hath enough come to his hands, to discharge what is in demand. John Cowell
Etymology: assez, Fr.
Wikipedia
assets
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
assets
Assets are resources or items of value that are owned or controlled by an individual, business, corporation or a government, with the expectation that these resources will provide future benefits. They can be in the form of tangible or intangible, including real estate, machinery, cash, investments, trademarks, or patents. In financial accounting, assets are all things that a company owns, both tangible and intangible, with the ability to be converted into cash and used to pay off liabilities.
Webster Dictionary
Assets
property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend
Assets
effects of an insolvent debtor or bankrupt, applicable to the payment of debts
Assets
the entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities
Etymology: [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. enough, Goth. saps full. Cf. Assai, Satisfy.]
Chambers 20th Century Dictionary
Assets
as′sets, n.pl. the property of a deceased or insolvent person, considered as chargeable for all debts, &c.: the entire property of all sorts belonging to a merchant or to a trading association. [From the Anglo-Fr. law phrase aver assetz, to have sufficient, O. Fr. asez, enough—L. ad, to, satis, enough.]
Editors Contribution
assets
Plural form of the word asset.
The assets were valued accurately for accounting purposes.
Submitted by MaryC on March 4, 2020
Matched Categories
British National Corpus
Spoken Corpus Frequency
Rank popularity for the word 'Assets' in Spoken Corpus Frequency: #2348
Written Corpus Frequency
Rank popularity for the word 'Assets' in Written Corpus Frequency: #4094
Anagrams for Assets »
stases
Numerology
Chaldean Numerology
The numerical value of Assets in Chaldean Numerology is: 1
Pythagorean Numerology
The numerical value of Assets in Pythagorean Numerology is: 2
Examples of Assets in a Sentence
You need to be very mindful that you are dealing with declared assets (to tax authorities), who would be willing to acquire assets that are noncompliant.
Russia and China are speculated as potential sellers of arms to Iran. Again, Irans income from oil is at an all-time low because of Donald Trumps maximum pressure policy. On the other, because of this policy, Irans central banks assets are frozen in other countries, and consequently, Iran does not have access to sufficient funds for such purchases, however, as an act of defiance, the possibility of arms purchased from China or Russia, even very limited, is not entirely unlikely.
Although we consider the violent risk-off move of recent weeks largely unwarranted by economic fundamentals, the sheer magnitude of the sell-off has raised the risk that market volatility could feed back into the real economy, central banks have very limited ability to ride to the rescue of risk assets.
We have shifted a greater proportion of our assets offshore as an intensifying slowdown in housing is likely to increase downward pressure on the Australian dollar.
In the past banks (made loans and) held assets. Now banks manage assets.
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Translations for Assets
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