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- Dictionaryasset/ˈasɛt/
noun
- 1. a useful or valuable thing or person: "quick reflexes were his chief assets" Similar Opposite
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a useful or valuable quality, skill, or person: He'll be a great asset to the team. Knowledge of languages is a real asset in this sort of work. His eyes are his best asset (= most attractive feature). Fewer examples. As a footballer his great asset was his calm, phlegmatic manner.
Jun 27, 2024 · Simply put, an asset is something of value that you own or that is owed to you. If you lend money to someone, that loan is also an asset because you are due that amount.
Apr 25, 2023 · An asset is a resource owned by an individual or organization which provides economic value. This includes cash, equipment, property, rights, or anything that helps a company generate revenue or reduce expenses.
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). [1]
Definition of 'asset' asset. (æset ) Word forms: assets. 1. countable noun. Something or someone that is an asset is considered useful or helps a person or organization to be successful. He considered that the greatest asset of a bank was its reputation for probity. [+ of] His Republican credentials made him an asset. 2. plural noun.
1. assets plural. : the property of a deceased person subject by law to the payment of his or her debts and legacies. b. : the entire property of a person, association, corporation, or estate applicable or subject to the payment of debts. 2. : advantage, resource. His wit is his chief asset.
ASSET definition: 1. a person, skill, or quality that is useful or helps you to succeed: 2. something that a person…. Learn more.
[usually plural] a thing of value, especially property, that a person or company owns, which can be used or sold to pay debts. the net asset value of the company. Her assets include shares in the company and a house in France. asset sales/management. income from fixed asset investments. financial/capital assets. to freeze a country’s assets.
asset. noun. /ˈæsɛt/ a person or thing that is valuable or useful to someone or something In his job, patience is an invaluable asset. Being able to speak a foreign language is a major asset. I'm not sure if his forcefulness is an asset or a liability. asset to somebody/something She'll be an asset to the team. Join us.
Oct 17, 2024 · An asset is something containing economic value and/or future benefit. An asset can often generate cash flows in the future, such as a piece of machinery, a financial security, or a...
