assets (ˈæsɛts
)
Definitions
plural noun
- accounting the property and claims against debtors that a business enterprise may apply to discharge its liabilities. Assets may be fixed, current, liquid, or intangible and are shown balanced against liabilities Compare liabilities
- law the property available to an executor or administrator for settlement of the debts and payment of legacies of the estate of a deceased or insolvent person
- any property owned by a person or firm
Word Origin
C16 (in the sense: enough to discharge one's liabilities): via Anglo-French from Old French asez enough, from Vulgar Latin ad satis (unattested), from Latin ad up to + satis enough
Synonyms
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property,
goods,
means,
holdings,
money,
funds,
effects,
capital,
riches,
finance,
reserves,
resources,
estate,
wealth,
valuables,
possessions,
asset (ˈæsɛt)
Definitions
noun
- anything valuable or useful ⇒
experience is their main asset
See also assets
Word Origin
C19: back formation from assets
Synonyms
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benefit,
help,
service,
aid,
advantage,
strength,
resource,
attraction,
blessing,
boon,
good point
strong point,
ace in the hole feather in your cap ace up your sleeve
