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assets

From Wiktionary, the free dictionary
See also:ässets

English

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Etymology

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FromAnglo-Normanasetz, fromOld Frenchassez(“enough”). Originally singular, with the meaning "enough to meet liabilities"; laterreanalyzed as a plural form.

Pronunciation

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Noun

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assets

  1. plural ofasset

Noun

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assets pl (normally plural,singularasset)

  1. (finance) Anyproperty orobject ofvalue that onepossesses, usually considered as applicable to thepayment of one'sdebts.
    Hisassets are much greater than his liabilities.
  2. (accounting) The left side of abalance sheet.
    Theassets must equal liabilities, otherwise there is an error in your balance sheet.
  3. (law)Sufficientestate; property sufficient in the hands of anexecutor orheir to pay thedebts orlegacies of thetestator orancestor to satisfyclaims against it.
  4. Anygoods or property properly available for thepayment of abankrupt's or adeceased person'sobligations ordebts.
  5. (slang, vulgar, usually in theplural)Private parts; a woman'sbreasts orbuttocks, or a man'sgenitalia.

Derived terms

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Translations

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any property or object of value that one possesses—see alsoasset
the left side of a balance sheet

Anagrams

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Danish

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Noun

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assets n

  1. definitegenitivesingular ofas

Swedish

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Noun

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assets

  1. definitegenitivesingular ofass
Retrieved from "https://en.wiktionary.org/w/index.php?title=assets&oldid=83428100"
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