Definition of asset noun from the Oxford Advanced American Dictionary

     

    asset

     noun
    noun
    NAmE//ˈæsɛt//
     
     
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  1. 1a person or thing that is valuable or useful to someone or 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.
  2. 2 [usually plural] a thing of value, especially property, that a person or company owns, and that 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 Florida. asset sales/management income from fixed asset investments financial/capital assets to freeze a country's assets compare liability
See the Oxford Advanced Learner's Dictionary entry: asset

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