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assets - 4 dictionary results
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as⋅set

  [as-et]
Use assets in a Sentence
–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, esp. in relation to liabilities and capital.
c. all property available for the payment of debts, esp. 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, lit., have enough (to pay obligations) < AF, OF asez enough. See assai 1

Related forms:
as⋅set⋅less, adjective
Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2009.
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as·set   (ās'ět')   
n.  
  1. A useful or valuable quality, person, or thing; an advantage or resource: proved herself an asset to the company.
  2. A valuable item that is owned.
  3. A spy working in his or her own country and controlled by the enemy.
  4. assets
    1. Accounting The entries on a balance sheet showing all properties, both tangible and intangible, and claims against others that may be applied to cover the liabilities of a person or business. Assets can include cash, stock, inventories, property rights, and goodwill.
    2. The entire property owned by a person, especially a bankrupt, that can be used to settle debts.

[Back-formation from English assets, sufficient goods to settle a testator's debts and legacies, from Anglo-Norman asetz, from asez, enough, from Vulgar Latin *ad satis, to sufficiency : Latin ad, to; see ad- + Latin satis, enough; see sā- in Indo-European roots.]
The American Heritage® Dictionary of the English Language, Fourth Edition
Copyright © 2009 by Houghton Mifflin Company.
Published by Houghton Mifflin Company. All rights reserved.
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Assets

As"sets\, n. pl. [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. ? enough, Goth. saps full. Cf. Assai, Satisfy.]

1. (Law) (a) 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. --Story. --Blackstone. (b) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.

2. 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.

Note: In balancing accounts the assets are put on the Cr. side and the debts on the Dr. side.
Webster's Revised Unabridged Dictionary, © 1996, 1998 MICRA, Inc.
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Language Translation for : assets
Spanish: bienes,
German: das Vermögen,
Japanese: 資産
More Translations »

assets 
1531, from Anglo-Fr. asetz (singular), from O.Fr. assez "enough," from V.L. *ad satis "to sufficiency," from L. ad- "to" + satis "enough." Beginning as a legal term, "sufficient estate" (to satisfy debts and legacies), it passed into general use; meaning "any property that theoretically can be converted to ready money" is from 1583. Asset is a 19c. artificial singular.
Online Etymology Dictionary, © 2001 Douglas Harper
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