First Known Use: 1531
Dictionary
asset
noun as·set \ˈa-ˌset also -sət\
: a valuable person or thing
: something that is owned by a person, company, etc.
Full Definition of ASSET
1
plural a : the property of a deceased person subject by law to the payment of his or her debts and legacies b : the entire property of a person, association, corporation, or estate applicable or subject to the payment of debts
3
a : an item of value owned b plural : the items on a balance sheet showing the book value of property owned
4
: something useful in an effort to foil or defeat an enemy: as a : a piece of military equipment b : spy
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Origin of ASSET
Related to ASSET
- Synonyms
- agent, spy, emissary, intelligencer, mole, operative, spook, undercover
- Antonyms
- disadvantage, drawback, encumbrance, hindrance, impediment, minus
Other Economics Terms
ASSET Defined for Kids
asset
noun as·set \ˈa-ˌset\
Definition of ASSET for Kids
1
: someone or something that provides a benefit <Your sense of humor is an asset.> <She is an asset to the class.>
2
assets plural : all the property belonging to a person or an organization
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