Assets
Pronunciation
- IPA: /ˈæsets/
Noun
noun
- Plural of asset
- (finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.His assets are much greater than his liabilities.
- (legal) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.
- Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.