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asset meaning

[ 'æset ] Pronunciation:   "asset" in a sentence
  • Noun: asset  aset
    1. A useful or valuable quality
      - plus

    Derived forms: assets

    Type of: quality

    Antonym: liability

    Encyclopedia: Asset


  • [Business]
    noun [C, usually pl.]

    CAPITAL ASSET, CHARGEABLE ASSET, CHARGE ON ASSET, CIRCULATING ASSET, CURRENT ASSET, FINANCIAL ASSET, FIXED ASSET, HARD ASSET, INTANGIBLE ASSET, INTELLECTUAL ASSET, INVISIBLE ASSET, KNOWLEDGE ASSET, NET ASSET, OPERATING ASSET, RETURN ON ASSET, TANGIBLE ASSET, VERIFICATION OF ASSET, WASTING ASSET

    a thing of value that a person or a company owns, such as money or property or the right to receive payment of a debt:

    The group has total assets of €1.2 billion.

    The vehicle is recorded as an asset in the company accounts.

    Foreign companies were prevented from buying local media assets (= media businesses).

    The charity had its assets frozen as part of a criminal investigation (= it was prevented from selling them).

    ◆ (figurative) Our staff are our most valuable asset.

    ◆ (figurative) You are a great asset to the company!

    The bank holds assets in South America.

    The company's assets are currently valued at$7.4 billion.

    The group has sold $730 million worth of real estate assets and investments.

    LIABILITY

    ❖ to have/hold/own/possess assets

    ◆ to acquire/buy/dispose of/increase/reduce/sell assets

    ◆ to record/show sth as an asset

    ◆ to freeze/release/unfreeze assets


  • [Economics]
    Any object, tangible or intangible, that is of value to its possessor. In most cases it either is cash or can be turned into cash; exceptions include prepayments, which may represent payments made for rent, rates, or motor licences, in cases in which the time paid for has not yet expired. Tangible assets include land and buildings, plant and machinery, fixtures and fittings, trading stock, investments, debtors, and cash; intangible assets include goodwill, patents, copyrights, and trademarks (see also deferred debit).

    For capital gains tax purposes, an asset consists of all forms of property, whether situated in the UK or abroad, including options, debts, incorporeal property, currency (other than sterling), and any form of property either created by the person disposing of it or owned without being acquired. It must, however, consist of some form of property for which a value can be ascertained. Some assets are exempt from capital gains tax.


  • [Finance]
    Any possession that has value in an exchange.

  • [Computer]
    <project> (ASSET) A programme to promote software reuse by the US DoD.

    See also ASSET Reuse Library.

Examples

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  1. he summed up his assets and liabilities.
  2. his weakness can be assets in this case.
  3. he is a most valuable asset to the firm.
  4. we had sold off our marginal assets.
  5. he realizes the bankrupt's assets.

Related Words

  1. assessment ratio meaning
  2. assessment, tax meaning
  3. assessor meaning
  4. assessorial meaning
  5. assessorship meaning
  6. asset account meaning
  7. asset activity ratios meaning
  8. asset allocation meaning
  9. asset allocation decision meaning
  10. asset allocation fund meaning
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