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- nounasset (noun) · assets (plural noun)
- a useful or valuable thing, person, or quality:"quick reflexes were his chief asset" · "the school is an asset to the community"Similar:good pointattractive featureredeeming featurecompensating feature
- (assets)property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies:"growth in net assets" · "debiting the asset account"Opposite:
- (assets)military equipment, such as planes, ships, communications and radar installations, employed or targeted in military operations.
OriginMiddle English (in plural in the sense ‘sufficient estate to allow discharge of a will’): from an Anglo-Norman French legal term, from Old French asez ‘enough’, based on Latin ad ‘to’ + satis ‘enough’. - People also ask
- An asset is:
- A resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit1.
- Something having value, such as a possession or property, that is owned by a person, business, or organization2.
- A useful and desirable thing or quality3.
- Represented on a company's balance sheet1.
Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.An asset is a resource with economic value that an individual, corporation, or country owns or controls with the expectation that it will provide a future benefit. Assets are reported on a company's balance sheet. They are bought or created to increase a firm's value or benefit the firm's operations.www.investopedia.com/terms/a/asset.aspsomething having value, such as a possession or property, that is owned by a person, business, or organization An asset is also any positive feature that gives you an advantage:dictionary.cambridge.org/dictionary/english/asseta useful and desirable thing or quality: Organizational ability is an asset. a single item of ownership having exchange value:www.dictionary.com/browse/asset Explore further
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