ASSETS

assets

(noun) anything of material value or usefulness that is owned by a person or company

Source: WordNet® 3.1


Noun

assets

plural of asset

Noun

assets pl (plural only)

(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.

(legal) 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.

Anagrams

• TESSAs, stases, tasses

Source: Wiktionary


As"sets, n. pl. Etym: [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. 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 because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. Story. Blackstone. (b) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.

2. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities.

Note: In balancing accounts the assets are put on the Cr. side and the debts on the Dr. side.

ASSET

As"set, n.

Definition: Any article or separable part of one's assets.

Source: Webster’s Unabridged Dictionary 1913 Edition



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Word of the Day

28 April 2025

HAPPY

(adjective) enjoying or showing or marked by joy or pleasure; ā€œa happy smileā€; ā€œspent many happy days on the beachā€; ā€œa happy marriageā€


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Coffee Trivia

The earliest credible evidence of coffee-drinking as the modern beverage appeared in modern-day Yemen. In the middle of the 15th century in Sufi shrines where coffee seeds were first roasted and brewed for drinking. The Yemenis procured the coffee beans from the Ethiopian Highlands.

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