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Definitions for Asset

[1] a useful and desirable thing or quality: Organizational ability is an asset.
[2] a single item of ownership having exchange value.
[3] assets, 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). Accounting . the items detailed on a balance sheet, especially in relation to liabilities and capital. all property available for the payment of debts, especially of a bankrupt or insolvent firm or person. Law . property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person.
[4] anything valuable or useful experience is their main asset See also assets

Words related to Asset

credit, benefit, resource, service, aid, distinction, treasure, blessing, help, boon

Words nearby Asset

assess, assessed value, assessment, assessment arrangements, assessor, asset, asset value, asset-backed fund, asset-stripping, assets, asseverate

Origin of Asset

1525–35; back formation from assets, in phrase have assets, literally, have enough (to pay obligations) < Anglo-French, Old French asez enough. See assai1

Other words from Asset

as·set·less , adjective

Word origin for Asset

C19: back formation from assets

Synonyms for Asset

aid, benefit, credit, resource, service, blessing, boon, distinction, help, treasure