assets

/ˈæsɛts / (say 'asets)

plural noun
1. Commerce resources available to a business or an individual for future economic benefit or service potential, and consisting of such items as real property, machinery, inventory, cash and securities, etc. (tangible assets), and of patents, trademarks and goodwill (intangible assets).
2. property or effects (opposed to liabilities).
3. Accounting the detailed listing of property owned by a firm and money owing to it.
4. Law
a. property in the hands of an executor or administrator sufficient to pay the debts or legacies of the testator or intestate.
b. any property available for paying debts, etc.
{Middle English, from Anglo-French, from Old French asetz (adverb) enough, taken as plural noun, from Latin ad- ad- + satis enough}

Australian English dictionary. 2014.

Synonyms:
(particularly as compared with liabilities), , ,


Look at other dictionaries:

  • assets — I noun available means, belongings, bona, capital, chattels, effects, estate, funds, goods, holdings, inventories, money, pecuniary resources, personal effects, personal resources, possessions, principal, property, reserves, resources, riches,… …   Law dictionary

  • 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… …   The Collaborative International Dictionary of English

  • assets — are every form of property that the debtor owns. They include such intangible things as business goodwill; the right to sue someone; or stock options. The debtor must disclose all of his assets in the bankruptcy schedules; exemptions remove the… …   Glossary of Bankruptcy

  • assets — (n.) 1530s, sufficient estate, from Anglo Fr. asetz (singular), from O.Fr. assez (11c.) sufficiency, satisfaction; compensation, noun use of adverb meaning enough, sufficiently; very much, a great deal, from V.L. *ad satis to sufficiency, from L …   Etymology dictionary

  • assets — /aesets/ Property of all kinds, real and personal, tangible and intangible, including, inter alia, for certain purposes, patents and causes of action which belong to any person including a corporation and the estate of a decedent. The entire… …   Black's law dictionary

  • assets — /aesets/ Property of all kinds, real and personal, tangible and intangible, including, inter alia, for certain purposes, patents and causes of action which belong to any person including a corporation and the estate of a decedent. The entire… …   Black's law dictionary

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  • assets — The property of a natural person or a corporation, real or personal, corporeal or incorporeal, especially property which is subject to seizure under and sale under process for payment of debts. See admitted assets; assets of a debtor; assets of a …   Ballentine's law dictionary

  • assets — noun anything of material value or usefulness that is owned by a person or company • Usage Domain: ↑plural, ↑plural form • Hypernyms: ↑possession • Hyponyms: ↑share, ↑portion, ↑ …   Useful english dictionary

  • assets — n. 1) to realize; unfreeze assets 2) current; financial; frozen; hidden; intangible; liquid; tangible assets * * * financial frozen hidden intangible liquid tangible assets unfreezeassets current …   Combinatory dictionary

  • assets — A firm s productive resources. Bloomberg Financial Dictionary Resources owned and controlled by a company. Technically defined as access to future economic benefits as a result of past events or transactions. Assets are shown on a company s… …   Financial and business terms

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