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

  1. assetsnoun

    anything of material value or usefulness that is owned by a person or company

Wiktionary

  1. 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.

  2. 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.

  3. 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

  1. 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

  1. 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

  1. 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

  1. 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

  2. Assets

    effects of an insolvent debtor or bankrupt, applicable to the payment of debts

  3. 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

  4. Etymology: [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. enough, Goth. saps full. Cf. Assai, Satisfy.]

Chambers 20th Century Dictionary

  1. 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

  1. 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

  1. Spoken Corpus Frequency

    Rank popularity for the word 'assets' in Spoken Corpus Frequency: #2348

  2. Written Corpus Frequency

    Rank popularity for the word 'assets' in Written Corpus Frequency: #4094

How to pronounce assets?

How to say assets in sign language?

Numerology

  1. Chaldean Numerology

    The numerical value of assets in Chaldean Numerology is: 1

  2. Pythagorean Numerology

    The numerical value of assets in Pythagorean Numerology is: 2

Examples of assets in a Sentence

  1. Novartis Pharmaceuticals:

    The new structure reflects the importance of oncology to Novartis following the successful integration of the oncology assets acquired from GlaxoSmithKline.

  2. Helen Lau:

    China has taken advantage of low gold prices and an equity market rout to stock up on gold assets.

  3. Jessica McNulty:

    This decision was made in close coordination with host nations and with a clear eye on preserving our ability to meet our security commitments. It's about maintaining some of our high demand, low density assets so they are ready for future requirements in the event of a contingency.

  4. Rohan Walsh:

    They aren't under pressure now, but they could be. It's a risk management exercise, they've got some good assets. Their infrastructure's valuable.

  5. Israel Antiquities Authority:

    Related : 25 new' Dead Sea Scrolls' revealed The document indicates the payment of taxes or transfer of goods to storehouses in Jerusalem, the capital of the ancient Kingdom of Judah, according to Israel Antiquities Authority. The discovery of the papyrus shows that there are other artifacts of tremendous importance to our heritage that are waiting to be found in the Judean Desert caves, the world’s heritage assets are being plundered on a daily basis by antiquities robbers solely for greed.

Popularity rank by frequency of use

assets#1#2619#10000

Translations for assets

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