Definition of Assets

Babylon English-English
assets
n. (Accounting) entries on a balance sheet showing tangible and intangible properties and claims against others that can be applied to cover the financial obligations of a business or of a person; complete property that a person owns

asset
n. something of value (property, goods, etc.); desirable item or quality, something beneficial

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ASSETS definition was found in categories: Business & Finance(2)  Computer & Internet(1)  Language, Idioms & Slang(4)  Law(2)  Science & Technology(1)  Social Science(2)  Encyclopedia(1)  

ASSETS Definition from Business & Finance Dictionaries & Glossaries

Campbell R. Harvey's Hypertextual Finance Glossary
Assets
A firm's productive resources.

Raynet Business & Marketing Glossary
Assets
the resources which are owned and controlled by the company. In financial terms, Assets = Liabilities + Owners equity.


ASSETS Definition from Computer & Internet Dictionaries & Glossaries


ASSETS Definition from Language, Idioms & Slang Dictionaries & Glossaries

Webster's Revised Unabridged Dictionary (1913)
Assets
(n. pl.)
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.
  
(n. pl.)
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.
  
(n. pl.)
Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.
  

WordNet 2.0
assets

Noun
1. anything of material value or usefulness
(antonym) liabilities
(hypernym) possession
(hyponym) share, portion, part, percentage


asset

Noun
1. a useful or valuable quality
(synonym) plus
(antonym) liability
(hypernym) quality
(hyponym) resource

hEnglish - advanced version
assets

assets
\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. (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.


  similar words(5) 




 reserve assets 
 real assets 
 liquid assets 
 intangible assets 
 marshaling of assets 

for Vocabulary Exams of KPDS, YDS,UDS (in Turkey); and SAT in America
assets
pl. Property in general, regarded as applicable to the payment of debts.



The 'Lectric Law Library
ASSETS
ASSET - Property, including real property (for example, land or buildings) and personal property (for example, cash, stocks or vehicles) that belongs to a person, corporation, estate, or other entity; A resource that has economic value to its owner. Examples of an asset are cash, accounts receivable, inventory, real estate, and securities.

ASSETS. The property in the hands of an heir, executor, administrator or trustee, which is legally or equitably chargeable with the obligations, which such heir, executor, administrator or other trustee, is, as such, required to discharge, is called assets. The term is derived from the French word assez, enough; that is, the heir or trustee has enough property. But the property is still called assets, although there may not be enough to discharge all the obligations; and the heir, executor, etc., is chargeable in distribution as far as such property extends.

Assets are sometimes divided by all the old writers, into assets enter mains and assets per descent; considered as to their mode of distribution, they are 1egal or equitable; as to the property from which they arise, they are real or personal.

Assets enter maim, or assets in hand, is such property as at once comes to the executor or other trustee, for the purpose of satisfying claims against him as such.

Assets per descent, is that portion of the ancestor's estate which descends to the heir, and which is sufficient to charge him, as far as it goes, with the specialty debts of his ancestor.

Legal assets, are such as constitute the fund for the payment of debts according to their legal priority.

Equitable assets, are such as can be reached only by the aid of a court of equity, and are to be divided,, pari passu, among all the creditors; as when a debtor has made his property subject to his debts generally, which, without his act would not have been so subject.

Real assets, are such as descend to the heir, as in estate in fee simple.

Personal assets, are such goods and chattels to which the executor or administrator is entitled.

In commerce, by assets is understood all the stock in trade, cash, and all available property belonging to a merchant or company.
   

This entry contains material from Bouvier's Legal Dictionary, a work published in the 1850's.

Divorcesource.com Dictionary
ASSETS
cash, property and investments along with anything else that may be of value to a individual or business.


ASSETS Definition from Science & Technology Dictionaries & Glossaries

Bioglossary
Assets
Description: Goods that provide a flow of services over time.
Source: Specialized encyclopedia and dictionaries


ASSETS Definition from Social Science Dictionaries & Glossaries

Environmental Economics Glossary
Assets
any item that is long-lived, purchased for the service it renders over its life and for what one will receive when one sells it What a person or business owns.

Peterson's Glossary of Financial Aid Terms
ASSETS
The amount a family has in savings and investments. This includes savings and checking accounts; a business; a farm or other real estate; and stocks, bonds, and trust funds. Cars are not considered assets, nor are such possessions as stamp collections or jewelry. The net value of the principal home is counted as an asset by some colleges in determining their own awards but is not included in the calculation for eligibility for federal funds.


ASSETS Definition from Encyclopedia Dictionaries & Glossaries

Wikipedia English - The Free Encyclopedia
Asset
In business and accounting by asset is meant probable future economic benefits controlled by an entity as a result of past transactions or events and from which future economic benefits may be obtained.

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Association of Supervisory Staff, Executives and Technicians
The Association of Supervisory Staff, Executives and Technicians (ASSET), was a British trade union, chiefly representing supervisors in the metal working and transport industries. It was formed from the National Foremen's Association, founded in 1918.

In 1929 the National Foremen's Association merged with the Amalgamated Managers' and Foremen's Association, which was active in the mining industry. In 1942 the union changed its name to the Association of Supervisory Staff and Engineering Technicians and in 1946 it changed again to the Association of Supervisory Staff, Executives and Technicians.


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