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

asset

noun
 
/ˈæset/
 
/ˈæset/
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  1. a 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.
    Extra Examples
    • Scotland's mountain areas are a natural asset to be proud of.
    • The teachers are the school's biggest asset.
    • The tourist industry requires that the country's cultural assets be made more accessible.
    • Since his injury, Jones has become more of a liability than an asset to the team.
    Oxford Collocations Dictionaryadjective
    • big
    • considerable
    • great
    preposition
    • asset to
    See full entry
  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 see also digital asset
    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.
    • 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 courts can order a company's assets to be frozen.
    • They have hidden assets in banks around the world.
    • measures to prevent asset stripping
    Topics Moneyb2
    Oxford Collocations Dictionaryadjective
    • combined
    • total
    • gross
    verb + asset
    • have
    • hold
    • own
    asset + verb
    • be worth something
    • appreciate
    • grow
    asset + noun
    • price
    • value
    • management
    phrases
    • assets and liabilities
    See full entry
  3. Word Originmid 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’.
See asset in the Oxford Advanced American DictionarySee asset in the Oxford Learner's Dictionary of Academic English
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