Meaning of ASSETS
| Pronunciation: | | 'as`ets
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 WordNet Dictionary |
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| | Definition: | | [n] anything of material value or usefulness |
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| | Antonyms: | | liabilities | | |
| | See Also: | | accounts receivable, amount, amount of money, capital, cash in hand, credit, crown jewel, equity, finances, funds, hole card, intangible, intangible assets, investment, investment funds, liquid assets, material resource, monetary resource, part, pecuniary resource, percentage, portion, possession, protection, receivables, reserve assets, resource, security, share, sum, sum of money, tax base, working capital | |
| Webster's 1913 Dictionary |
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| | Definition: | | \As"sets\, n. pl. [OF. asez enough, F. assez, fr. L. ad +
satis, akin to Gr. ? enough, Goth. saps full. Cf. {Assai},
{Satisfy}.]
1. (Law)
(a) Property of a deceased person, subject by law to the
payment of his debts and legacies; -- called assets
because sufficient to render the executor or
administrator liable to the creditors and legatees, so
far as such goods or estate may extend. --Story.
--Blackstone.
(b) Effects of an insolvent debtor or bankrupt, applicable
to the payment of debts.
2. The entire property of all sorts, belonging to a person, a
corporation, or an estate; as, the assets of a merchant or
a trading association; -- opposed to {liabilities}.
Note: In balancing accounts the assets are put on the Cr.
side and the debts on the Dr. side.
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| Thesaurus Terms |
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| | Related Terms: | | accounts, accounts payable, accounts receivable, affluence, assessed valuation, assets and liabilities, available means, balance, bank account, bottom dollar, bottomless purse, budget, budgeting, bulging purse, capital, capital goods, capitalization, cash reserves, checking account, circumstances, command of money, costing-out, current assets, deferred assets, easy circumstances, embarras de richesses, exchequer, expenditures, finances, fixed assets, fortune, frozen assets, fund, funds, gold, grist, handsome fortune, high income, high tax bracket, holdings, independence, intangible assets, intangibles, kitty, liabilities, life savings, liquid assets, lucre, luxuriousness, mammon, material assets, material wealth, means, money, money to burn, moneybags, moneys, nest egg, net assets, net worth, opulence, opulency, outstanding accounts, pecuniary resources, pelf, pocket, pool, possessions, property, prosperity, prosperousness, purse, quick assets, receipts, reserves, resource, resources, riches, richness, savings, savings account, six-figure income, stock, stock-in-trade, substance, supply, Swiss bank account, tangible assets, tangibles, treasure, unpaid accounts, unregistered bank account, upper bracket, wealth, wealthiness, wherewithal |
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