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noun
1.
a useful and desirable thing or quality: Organizational ability is an asset.
2.
a single item of ownership having exchange value.
3.
assets,
a.
items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities).
b.
Accounting. the items detailed on a balance sheet, especially in relation to liabilities and capital.
c.
all property available for the payment of debts, especially of a bankrupt or insolvent firm or person.
d.
Law. property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person.
Origin:
1525–35; back formation from assets, in phrase have assets, literally, have enough (to pay obligations) < Anglo-French, Old French asez enough. See assai1
1525–35; back formation from assets, in phrase have assets, literally, have enough (to pay obligations) < Anglo-French, Old French asez enough. See assai1
Related forms
as·set·less, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Based on the Random House Dictionary, © Random House, Inc. 2012.
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Assets
is always a great word to know.
So is ninnyhammer. Does it mean:
| a fool or simpleton; ninny. |
| a chattering or flighty, light-headed person. |
Collins
World English Dictionary
| assets (ˈæsɛts) | |
| —pl n | |
| 1. | accounting Compare liabilities 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 |
| 2. | 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 |
| 3. | any property owned by a person or firm |
| [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] | |
Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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Etymonline
Word Origin & History
assets
1530s, from Anglo-Fr. asetz (singular), from O.Fr. assez "enough" (11c.), from V.L. *ad satis "to sufficiency," from L. ad- "to" + satis "enough" (see sad). Beginning as a legal term, "sufficient estate" (to satisfy debts and legacies), it passed into general use; meaning "any
EXPANDproperty that theoretically can be converted to ready money" is from 1580s. Asset is a 19c. artificial singular.
COLLAPSE
Online Etymology Dictionary, © 2010 Douglas Harper
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