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

fixed assets, current assets, intangible assets

Formal and Informal Expressions of assets

In different contexts, you can replace 'assets' with suitable alternatives. In a more formal setting, 'property, resources, holdings' is apt. In informal speech or writing, 'stuff, things' is a commonplace synonym.

assets: Explore its Definition & Usage

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

fixed 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.
current assets
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.
intangible assets
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.