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assets

From Wiktionary, the free dictionary

See also:ässets

Etymology tree

Proto-Indo-European*h₂éd

Proto-Italic*ad

Early Medieval Latinad

Proto-Indo-European*seh₂-der.

Early Medieval Latinsatis

Early Medieval Latinad satis

Old Frenchasez

Anglo-Normanasetz der.

Englishassets

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

assets

assets pl (normally plural,singularasset)

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