assets
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See also: ässets
English
[edit]Etymology
[edit]From Anglo-Norman asetz, from Old French assez (“enough”). Originally singular, with the meaning "enough to meet liabilities"; later reanalyzed as a plural form.
Pronunciation
[edit]- IPA(key): /ˈæsɛts/
Audio (Southern England): (file)
Noun
[edit]assets
Noun
[edit]assets pl (normally plural, singular asset)
- (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.
- (accounting) The left side of a balance sheet.
- The assets must equal liabilities, otherwise there is an error in your balance sheet.
- (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.
- Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
- (slang, vulgar, usually in the plural) Private parts; a woman's breasts or buttocks, or a man's genitalia.
Derived terms
[edit]Translations
[edit]any property or object of value that one possesses — see also asset
|
the left side of a balance sheet
Anagrams
[edit]Danish
[edit]Noun
[edit]assets n
Swedish
[edit]Noun
[edit]assets
Categories:
- English terms derived from Anglo-Norman
- English terms derived from Old French
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- English pluralia tantum
- en:Finance
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- en:Accounting
- en:Law
- English slang
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