assets
Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
Noun business, finance
- Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
- His assets are much greater than his liabilities.
- The left side of a balance sheet.
- The assets must equal liabilities, otherwise there is an error in your balance sheet.
- 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.
- Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
- Private parts; a woman's breasts or buttocks, or a man's genitalia.
Origin
Etymology tree Proto-Indo-European *h₂éd Proto-Italic *ad Early Medieval Latin ad Proto-Indo-European *seh₂-der. Early Medieval Latin satis Early Medieval Latin ad satis Old French asez Anglo-Norman asetzder. English assets From Anglo-Norman asetz, from Old French assez (“enough”). Originally singular, with the meaning "enough to meet liabilities"; later reanalyzed as a plural form.
Forms
Derived
Noun form of, plural
- plural of asset