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
Example
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
Example
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
Example
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.
