Assets
Definition, Meaning & Examples
Pronunciation /ˈæsɛts/ · Part of speech noun
Quick meaning: Assets is a noun meaning plural of asset.
Meaning
plural of asset.
More Meanings
- (finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
- (accounting) The left side of a balance sheet.
- Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
- (law) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.
- (slang, vulgar, usually in the plural) Private parts; a woman's breasts or buttocks, or a man's genitalia.
Example Sentences
His assets are much greater than his liabilities.
The assets must equal liabilities, otherwise there is an error in your balance sheet.
Word Forms
- asset
Related Words
Related dictionary entries include plus, liabilities, collections, capital, fundamentals, funds.
Related Dictionary Tools
Sources & Attribution
FreeDictionaryAPI.com / Wiktionary · Original source · CC BY-SA 4.0
Dictionary data is provided by FreeDictionaryAPI.com and sourced from Wiktionary under its stated license.