plural assets
1
: a valuable person or thing
Good looks can be an asset [=advantage] in an acting career.
The state's natural assets include mountains and beautiful lakes.
—often + toGood looks can be an asset to an actor.
She is a great asset to the team. [=she's a valuable member of the team]
2
: something that is owned by a person, company, etc.
—usually plural
The company had to sell some of its assets to avoid bankruptcy.
a bank with billions of dollars in assets
business assets and liabilities
They bought the company and stripped it of its assets. [=they sold the property owned by the company]
Cite this Entry
“Asset.” Merriam-Webster.com Simple Definition, Merriam-Webster, https://www.merriam-webster.com/simple/asset. Accessed 20 Jun. 2026.
Copy Citation
