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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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Jun 27, 2024 · Simply put, an asset is something of value that you own or that is owed to you. If you lend money to someone, that loan is also an asset because you are due that amount.
Apr 25, 2023 · What Is an Asset? An asset is a resource owned by an individual or organization which provides economic value. This includes cash, equipment, property, rights, or anything that helps a company generate revenue or reduce expenses.
ASSET definition: 1. a useful or valuable quality, skill, or person: 2. something valuable belonging to a person or…. Learn more.
The meaning of ASSET is the property of a deceased person subject by law to the payment of his or her debts and legacies. How to use asset in a sentence.
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]
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 ]
Definition of asset noun from the Oxford Advanced Learner's Dictionary. 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.
