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
A college loan is the only loan you cannot refinance, which I think is insane, your education is more of a lifetime asset than any home you’ll ever own.
I have known Trey for years and worked with him when he served in Congress, his legal skills and his advocacy will serve the President well. Trey's command of the law is well known and his service on Capitol Hill will be a great asset as a member of our team.
I dont think any of us had any doubts about ABs skill set, its good everybody sees it. He continues to be what we expect him to be, and thats a great wide receiver and good football player. For us thats a tremendous asset and takes a huge stress off the offensive linemen and the running backs. Theres no way you can pinpoint one facet of our offense to try to shut us down. Hes a huge help. Were glad to have him.
We were looking for assets around the world so that's a really great match - and I know this asset really well.
This new philosophy will allow us to set an aggressive target for ourselves. Pilots will be better able to see an enemy or air-to-air asset coming their way.
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
Get even more translations for asset »
Translation
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"asset." Definitions.net. STANDS4 LLC, 2024. Web. 26 Apr. 2024. <https://www.definitions.net/definition/asset>.
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