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ɛtnoun
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.
Cite This Source
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Asset
is always a great word to know.
So is bezoar. Does it mean:
| a calculus or concretion found in the stomach or intestines of certain animals, esp. ruminants, formerly reputed to be an effective remedy for poison. |
| a chattering or flighty, light-headed person. |
Example Sentences
- Stairs, it seems, are a neglected asset in the fitness crusade.
- In addition, returns on a portfolio of assets are likely to be higher than on a single commodity.
- Mental flexibility is a great asset in solving crosswords.
Collins
World English Dictionary
| asset (ˈæsɛt) | |
| —n | |
| See also assets anything valuable or useful: experience is their main asset | |
| [C19: back formation from | |
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
Online Etymology Dictionary, © 2010 Douglas Harper
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American Heritage
Cultural Dictionary
asset definition
A possession that can be turned into cash to cover liabilities.
Note: Commonly, the term denotes anything of value.
The American Heritage® New Dictionary of Cultural Literacy, Third Edition
Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Copyright © 2005 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
Cite This Source
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