Definition of asset noun from the Oxford Advanced Learner's Dictionary

     

    asset

     noun
    noun
    BrE BrE//ˈæset//
     
    ; NAmE NAmE//ˈæset//
     
    Economy, Job skills and personal qualities
     
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  1. 1a person or thing that is valuable or useful to somebody/something In his job, patience is an invaluable asset. Being able to speak a foreign language is a major asset. I’m not sure if his forcefulness is an asset or a liability. asset to somebody/something She'll be an asset to the team. See related entries: Job skills and personal qualities
  2. 2[usually plural] a thing of value, especially property, that a person or company owns, which can be used or sold to pay debts the net asset value of the company Her assets include shares in the company and a house in France. asset sales/management income from fixed asset investments financial/capital assets to freeze a country’s assets compare liability Wordfinderasset, bond, capital, dividend, equity, fund, interest, invest, portfolio, share See related entries: Economy
  3. Word Origin mid 16th cent. (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’.Extra examples He transferred all his assets into his wife’s name. Liquid assets can be sold more quickly. Net assets have grown to $169 million. Scotland’s mountain areas are a natural asset to be proud of. She will be an asset to any school she attends. The authorities have the power to seize the assets of convicted drug dealers. The business disposed of all its capital assets. The company has increased its UK assets. The company’s net assets are worth millions. The country’s cultural assets should be made more accessible. The courts can order a company’s assets to be frozen. The teachers are the school’s biggest asset. The tourist industry requires that the country’s cultural assets be made more accessible. They have hidden assets in banks around the world. assets held by the company in Asia measures to prevent asset stripping I’m not sure if his forcefulness is an asset or a liability. She’ll be a great asset to any company she works for. Since his injury, Jones has become more of a liability than an asset to the team. What is the net asset value of the company? asset sales/​management financial/​capital assets to freeze a country’s assets
See the Oxford Advanced American Dictionary entry: asset

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