Complete Definition of "assets"

English

Pronunciation
IPA|/'æsets/

Noun
assets, (''plural of asset)

  1. 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.

  1. law Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacy|legacies of the testator or ancestor to satisfy claims against it.
  2. Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.

Translations
trans-top|any property or object of value that one possesses
Finnish: omaisuus, varat
Czech: aktiva
trans-mid
Japanese: �� (shisan)
Portuguese: Ativo m
Spanish: bien m, partida del activo f
Telugu: �స�తి (aasthi)
trans-bottom
fr:assets
io:assets
te:assets
vi:assets

Revision and Credits for"assets"
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