Assets

Assets
Assets As"sets, n. pl. [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. ? enough, Goth. saps full. Cf. {Assai}, {Satisfy}.] 1. (Law) (a) Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. --Story. --Blackstone. (b) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts. [1913 Webster]

2. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to {liabilities}. [1913 Webster]

Note: In balancing accounts the assets are put on the Cr. side and the debts on the Dr. side. [1913 Webster]


The Collaborative International Dictionary of English. 2000.

Игры ⚽ Нужна курсовая?
Synonyms:
(particularly as compared with liabilities), , ,


Look at other dictionaries:

  • assets — I noun available means, belongings, bona, capital, chattels, effects, estate, funds, goods, holdings, inventories, money, pecuniary resources, personal effects, personal resources, possessions, principal, property, reserves, resources, riches,… …   Law dictionary

  • assets — are every form of property that the debtor owns. They include such intangible things as business goodwill; the right to sue someone; or stock options. The debtor must disclose all of his assets in the bankruptcy schedules; exemptions remove the… …   Glossary of Bankruptcy

  • assets — (n.) 1530s, sufficient estate, from Anglo Fr. asetz (singular), from O.Fr. assez (11c.) sufficiency, satisfaction; compensation, noun use of adverb meaning enough, sufficiently; very much, a great deal, from V.L. *ad satis to sufficiency, from L …   Etymology dictionary

  • assets — /aesets/ Property of all kinds, real and personal, tangible and intangible, including, inter alia, for certain purposes, patents and causes of action which belong to any person including a corporation and the estate of a decedent. The entire… …   Black's law dictionary

  • assets — /aesets/ Property of all kinds, real and personal, tangible and intangible, including, inter alia, for certain purposes, patents and causes of action which belong to any person including a corporation and the estate of a decedent. The entire… …   Black's law dictionary

  • assets — Synonyms and related words: Swiss bank account, accounts, accounts payable, accounts receivable, affluence, assessed valuation, assets and liabilities, available means, balance, bank account, bottom dollar, bottomless purse, budget, budgeting,… …   Moby Thesaurus

  • assets — The property of a natural person or a corporation, real or personal, corporeal or incorporeal, especially property which is subject to seizure under and sale under process for payment of debts. See admitted assets; assets of a debtor; assets of a …   Ballentine's law dictionary

  • assets — noun anything of material value or usefulness that is owned by a person or company • Usage Domain: ↑plural, ↑plural form • Hypernyms: ↑possession • Hyponyms: ↑share, ↑portion, ↑ …   Useful english dictionary

  • assets — n. 1) to realize; unfreeze assets 2) current; financial; frozen; hidden; intangible; liquid; tangible assets * * * financial frozen hidden intangible liquid tangible assets unfreezeassets current …   Combinatory dictionary

  • assets — A firm s productive resources. Bloomberg Financial Dictionary Resources owned and controlled by a company. Technically defined as access to future economic benefits as a result of past events or transactions. Assets are shown on a company s… …   Financial and business terms

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”