Simple Definition of asset
: 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
Examples of asset
The state's natural assets include mountains and beautiful lakes.
<rumors persisted that CIA assets were behind the coup d'état>
ASSET Defined for Kids
Definition of asset
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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