Advertisement

Definition of "assets" []

  • The property and claims against debtors that a business enterprise may apply to discharge its liabilities. Assets may be fixed, current, liquid, or intangible and are shown balanced against liabilities
  • The property available to an executor or administrator for settlement of the debts and payment of legacies of the estate of a deceased or insolvent person
  • Any property owned by a person or firm
  • Plural form of asset. (noun)

www.Collinsdictionary.com (c) HarperCollins Publishers Ltd 2016

  • Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts. (noun)
  • 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. (noun)
  • Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts. (noun)

Wiktionary.org : Text is available under the Creative Commons Attribution-ShareAlike License

Use "assets" in a sentence
  • "The IRS estimates that about $5 trillion in assets is held in tax havens worldwide."
  • "When Treasury buys assets at auction, an institution that has sold more than $300 million in assets is subject to additional taxes, including a 20% excise tax on golden parachute payments triggered by events other than retirement, and tax deduction limits for compensation limits above $500,000."
  • "BLITZER: And do you believe that any of your what they call assets overseas have been hurt, arrested, picked up, tortured, because your identity was released?"