asset Hear it!

asset Definition

as·set (as′et)

noun

  1. anything owned that has exchange value
  2. a valuable or desirable thing to have charm is your chief asset
  3. Accounting all the entries on a balance sheet showing the entire resources of a person or business, tangible and intangible, including accounts and notes receivable, cash, inventory, equipment, real estate, goodwill, etc.
  4. Law
    1. property, as of a business, a bankrupt, etc.
    2. the property of a deceased person available to his or her estate for the payment of debts and legacies

Etymology: earlier assets < Anglo-Fr assetz (in legal phrase aver assetz, to have enough) < OFr assez, enough < VL *ad satis, sufficient < L ad, to + satis, enough: see sad

asset Finance Definition
Cash, accounts receivables, property, or equipment that has value and is listed on a company’s balance sheet. An asset may be bought or sold and its price can range from hundreds of dollars to millions of dollars.
asset Law Definition

n

  1. Any property or right that is owned by a person or entity and has monetary value. See also liability.
  2. All of the property of a person or entity or its total value; entries on a balance sheet listing such property.
capital asset
For income tax purposes, most property of the taxpayer except for a few certain business assets (for example, inventory and stock in trade) and other property excluded by the Internal Revenue Code.
intangible asset
An asset that is not a physical thing and only evidenced by a written document. For example, a debt that is owed to a taxpayer is an intangible asset.
tangible asset
An asset that is a physical thing, such as land, buildings, and goods.
asset Usage Examples

Possessives

  • debtor: An inquiry into the debtor's affairs is made by the Official Receiver and the debtor's assets are realized and distributed among creditors.

Converse of object

  • acquire: However, gains on assets acquired by taxpayers whilst resident outside the UK will not be included in the new charge.
  • protect: We will work to protect the assets of people who have tried to make reasonable provision for themselves.
  • hold: A particular issue is whether assets held in trusts can be under the de facto control of the sponsoring entity.
  • sell: Enron was " looking for a quick way to sell assets to generate income, " said one long-time Enron finance person.

Adjective modifier

  • intangible: Well another asset of a company is an intangible asset called ' Goodwill ' .
  • fixed: Fixed assets used by the charity should be briefly described, eg desktop computer, or make of motor vehicle.
  • tangible: Thereâs also the issue of valuing firms by tangible assets.
  • valuable: At Holt, the William Marriott Museum is due to open in the next few weeks, adding a valuable asset to the railroad.
  • net: At the time of the divorce, the parties had amassed net assets valued in the region of £ 75 million.
  • unclaimed: Institutions may have different definitions of dormant account, lost account or unclaimed assets.

Modifies a noun

  • protection: Thus, asset protection goals should not be.. .
  • allocation: Asset allocation, says Jonathan Davis, a certified financial.. .
  • management: He is now a director of Morley Fund Management, the asset management division of CGU plc.
  • pricing: Asset Pricing is not a book to be missed.
  • finance: Asset finance Asset finance is widely used in the United Kingdom, allowing firms to exploit the value of their assets in securing finance.
  • valuation: Asset valuation Asset valuations are an integral part of our Corporate Finance business.

Noun used with modifier

  • non-business: The amount of taper relief also depends upon whether the asset has been held as a business asset or a non-business asset.
  • heritage: Obtain optimum value The aim on disposal of heritage assets should be to obtain optimum value, rather than the highest price.
  • capital: There are two young children aged 8 and 9. The only capital asset is the jointly owned home subject to a mortgage.
asset Quotes

There is no finer investment for any community than putting milk into babies.Healthycitizens arethegreatest asset any country can have.

—Churchill, Lord Randolph Henry Spencer

   The greatest asset that a head of state can have is the ability to get a good night's sleep.

—Wilson of Rievaulx, (James) Harold Wilson, Baron