assets Definition

  • 1a useful or valuable thing, person, or quality
  • 2the property owned by a person, company, or organization, regarded as having value and available to meet debts, commitments, or legacies

Using assets: Examples

Take a moment to familiarize yourself with how "assets" can be used in various situations through the following examples!

  • Example

    Her intelligence is her greatest asset.

  • Example

    The company's assets include several buildings and a fleet of vehicles.

  • Example

    He sold his assets to pay off his debts.

  • Example

    The team's speed is their biggest asset on the field.

assets Synonyms and Antonyms

Synonyms for assets

  • property
  • resources
  • valuables
  • wealth
  • holdings

Antonyms for assets

  • liabilities
  • debts

Phrases with assets

  • tangible assets that are expected to be used for more than one year, such as land, buildings, and equipment


    The company's fixed assets include several factories and warehouses.

  • assets that can be easily converted into cash within a year, such as inventory and accounts receivable


    The company's current assets include a large amount of cash and short-term investments.

  • assets that do not have physical substance, such as patents, trademarks, and goodwill


    The company's intangible assets include several patents and a strong brand reputation.

Origins of assets

from Old French 'asset', meaning 'enough'


Summary: assets in Brief

'Assets' [ˈæsets] refer to useful or valuable things, people, or qualities, as well as the property owned by a person, company, or organization. It can include tangible items like buildings and equipment, as well as intangible items like patents and goodwill. Phrases like 'fixed assets' and 'current assets' denote different types of assets based on their liquidity and expected use. 'Assets' can also be used informally to refer to someone's valuable qualities or skills.