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- DictionaryAs·set/ˈaˌset/
noun
- 1. a useful or valuable thing, person, or quality: "quick reflexes were his chief asset"
Jun 27, 2024 · An asset is a resource that is expected to provide a future benefit to its owner. In the case of businesses, assets are reported on the company's balance...
: the entire property of a person, association, corporation, or estate applicable or subject to the payment of debts. 2. : advantage, resource. His wit is his chief asset. sometimes used euphemistically or humorously in the plural to refer to parts of a person's body (such as the breasts or buttocks) that are considered attractive.
Apr 25, 2023 · 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.
Accounting. the items detailed on a balance sheet, especially in relation to liabilities and capital: The balance sheet lists assets and liabilities in order of liquidity; in other words, the assets most easily converted to cash are listed first.
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.
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.
Definition: An asset is a resource that has some economic value to a company and can be used in a current or future period to generate revenues. These resources take many forms from cash to buildings and are recorded on the balance sheet until they are used.
