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- Dictionaryasset/ˈasɛt/
noun
- 1. a useful or valuable thing or person: "quick reflexes were his chief assets" Similar Opposite
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something 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: Her knowledge of Spanish and French is a real asset in her work.
Jun 27, 2024 · An asset is a resource with economic value that an individual, a company, or a country owns or controls with the expectation that it will provide a future benefit.
noun. a useful and desirable thing or quality: Organizational ability is an asset. a single item of ownership having exchange value: Our summer home is an asset we're not willing to sell.
Something or someone that is an asset is considered useful or helps a person or organization to be successful. He considered that the greatest asset of a bank was its reputation for probity. [ + of ]
asset. noun. /ˈæset/. /ˈæset/. a person or thing that is valuable or useful to somebody/something. In his job, patience is an invaluable asset. Being able to speak a foreign language is a major asset. I’m not sure if his forcefulness is an asset or a liability.
1. : the entire property of a person, business organization, or estate that is subject to the payment of debts—used in pl. compare equity. 2. : an item of property owned. —admitted asset.
In financial accounting, an asset is any resource owned or controlled by a business or an economic entity. It is anything (tangible or intangible) that can be used to produce positive economic value. Assets represent value of ownership that can be converted into cash (although cash itself is also considered an asset). [1]
