Definition of asset in US English:



  • 1A useful or valuable thing, person, or quality.

    ‘quick reflexes were his chief asset’
    ‘the school is an asset to the community’
    • ‘Used correctly the trail and its viaducts will become a major asset to the area.’
    • ‘The bridge would be an asset to both the local community and to visitors from further afield.’
    • ‘These people have proven themselves to be a valuable asset to growers in this district.’
    • ‘I agree this is an attractive project and the waterway would be an asset to the city but there is still one problem.’
    • ‘She will be a great asset to the team and we wish her every success in her new post.’
    • ‘He spoke of the beauty of the course and its location and said the club was a huge asset to tourism.’
    • ‘They are a highly-qualified couple and would be a wonderful asset to this country.’
    • ‘His obvious passion for the game and attitude to work would be a great asset to anyone.’
    • ‘He also says that it will be established in 12 months and will be an asset to the borough.’
    • ‘We should view the green belt as an appropriate setting for the city and an asset to its future generations.’
    • ‘For what we do, whether it's the animation or the music side, it's an asset to have both viewpoints.’
    • ‘The walkways and riverside areas are very attractive and a great asset to the town.’
    • ‘Point out to them that giving you what you want is going to be an asset to the company.’
    • ‘He has got excellent control, good vision and he will be an asset to this club.’
    • ‘The player is too prized an asset to sell to a rival at a bargain price.’
    • ‘The junior Saturday morning drama class is a valued asset to many children.’
    • ‘His experience in church leadership, web and media would be a great asset to any church.’
    • ‘She would be an enormous asset to this country and she is a very special case.’
    • ‘He will be a decided asset to the city team where he has resided for a number of years.’
    • ‘This is a great asset to the community as many need to make this journey for work and medical care.’
    benefit, advantage, blessing, good point, strong point, strength, forte, talent, gift, strong suit, long suit, virtue, recommendation, attraction, attractive feature, selling point, resource, beauty, boon, value, merit, bonus, aid, help
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    1. 1.1usually assets Property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.
      ‘growth in net assets’
      as modifier ‘debiting the asset account’
      • ‘But if the market falls, the fall in the value of the trust assets is also exaggerated.’
      • ‘Over this period, pension funds saw the value of their assets crash, since they invest largely in shares.’
      • ‘But this would have happened based on the value of the assets in the balance sheet.’
      • ‘The general rule is to secure enough insurance to cover the total value of all your assets.’
      • ‘Negative equity is a situation in which the amount borrowed exceeds the value of the assets secured against that loan.’
      • ‘There are no profits and no dividend, and the assets are valued at just 60p per share.’
      • ‘This directive says an insurance firm can trade if its assets meet its liabilities.’
      • ‘Any tax on them increases the possibility that the scheme will not have sufficient assets to meet liabilities.’
      • ‘It also ignores non-cash items such as depreciation of assets and the amortisation of acquisitions.’
      • ‘The currency fund can be leveraged up to five times the value of its underlying assets.’
      • ‘The company's current stock market value is marginally less than its net assets.’
      • ‘It depends on the value of the available assets and the amounts due to the other creditors.’
      • ‘They also charge on the basis of such factors as the value of the assets, urgency and complexity.’
      • ‘However, net wealth is the value of our total assets less our financial liabilities.’
      • ‘The net effect of expanding assets with this financing mix has been a declining reliance on debt.’
      • ‘Assess the true value of the assets and use this value as the basis for calculating the return generated.’
      • ‘This transaction could result in an income tax bill today if the assets have appreciated in value.’
      • ‘It is the subsidiaries that hold the operating assets that are of value in a liquidation.’
      • ‘The sources of base money are the net foreign and domestic assets of the central bank.’
      • ‘So, it looks as if the safest way to achieve the biggest pot of net assets at retirement is paying off that debt.’
      property, resources, estate, holdings, possessions, effects, goods, valuables, belongings, chattels, worldly goods, worldly possessions
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    2. 1.2assets Military equipment, such as planes, ships, communications and radar installations, employed or targeted in military operations.


Mid 16th century (in the plural in the sense ‘sufficient estate to allow discharge of a will’): from an Anglo-Norman French legal term, from Old French asez ‘enough’, based on Latin ad ‘to’ + satis ‘enough’.