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asset

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noun as·set \ˈa-ˌset also -sət\

Simple Definition of asset

  • : a valuable person or thing

  • : something that is owned by a person, company, etc.

Full Definition of asset

  1. 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

  2. 2 :  advantage, resource <his wit is his chief asset>

  3. 3 a :  an item of value owned b plural :  the items on a balance sheet showing the book value of property owned

  4. 4 :  something useful in an effort to foil or defeat an enemy: as a :  a piece of military equipment b :  spy

Examples of asset

  1. The state's natural assets include mountains and beautiful lakes.

  2. <rumors persisted that CIA assets were behind the coup d'état>



Origin of asset

back-formation from assets, singular, sufficient property to pay debts and legacies, from Anglo-French assetz, from asez enough, from Vulgar Latin *ad satis, from Latin ad to + satis enough — more at at, sad


First Known Use: 1531

Rhymes with asset


ASSET Defined for Kids

asset

play
noun as·set \ˈa-ˌset\

Definition of asset

  1. 1 :  someone or something that provides a benefit <Your sense of humor is an asset.> <She is an asset to the class.>

  2. 2 assets plural :  all the property belonging to a person or an organization





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