Longman Dictionary of Contemporary English homepage

Topic: FINANCE

Date: 1800-1900
Origin: assets (singular) 'enough money to pay debts' (16-19 centuries), from Anglo-French asetz, from Old French assez 'enough'

asset

noun
     
as‧set S2 W2 [countable]
1 [usually plural]BF the things that a company owns, that can be sold to pay debts
in assets
a corporation with $9 billion in assets
the value of a company's assets
2 [usually singular] something or someone that is useful because they help you succeed or deal with problems [≠ liability]:
A sense of humor is a great asset in this business.
be an asset to somebody/something
I think Rachel would be an asset to the department.
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