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

  1. asset, plusnoun

    a useful or valuable quality

Wiktionary

  1. assetnoun

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

    These shares are a valuable asset.

  2. assetnoun

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

  3. assetnoun

    intelligence asset

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

Wikipedia

  1. 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

  1. 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

  1. Assetnoun

    any article or separable part of one's assets

Wikidata

  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.

Editors Contribution

  1. 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

  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

Anagrams for asset »

  1. sates

  2. seats

  3. setas

  4. tasse

  5. Tessa

  6. TESSA

How to pronounce asset?

How to say asset in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of asset in Chaldean Numerology is: 7

  2. Pythagorean Numerology

    The numerical value of asset in Pythagorean Numerology is: 1

Examples of asset in a Sentence

  1. Mark Kiesel:

    The ECB has finally embraced quantitative easing : Purchase programs of covered bonds and asset-backed securities are already underway, and as European inflation remains stubbornly low, we expect that The ECB will further expand The ECB balance sheet by buying euro-denominated IG corporate and sovereign bonds.

  2. Rhom Ram:

    For me it's the combination of tokenization and the smart contract that I think is really revolutionary, if you get into other asset classes that are dependent on legal contracts, then typically they take a long time to settle. That's a massive inefficiency.

  3. Alanna McCargo:

    For black and Latino families, the majority of their wealth is in home equity. That is the asset that allows for the most wealth building and the preservation of that is critical. we need to make sure they can get the loan modification, reduce their rate, and keep the property.

  4. Kim Mundy:

    We expect the FOMC to announce it will taper its monthly asset purchases in September if the August payrolls is strong, we judge a tapering announcement next month is not widely expected, so if the minutes show the FOMC discussed the possibility of announcing a taper as soon as September, we expect the dollar to jump.

  5. Adi Babu:

    We want to sell one big asset to bring down debt and improve liquidity. There's a good prospect we can sell at least one asset.

Popularity rank by frequency of use

asset#1#3954#10000

Translations for asset

From our Multilingual Translation Dictionary

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"asset." Definitions.net. STANDS4 LLC, 2024. Web. 22 Jun 2024. <https://www.definitions.net/definition/asset>.

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