asset
/'æset/
Definition
- Noun:
- A useful or valuable quality: Something that is advantageous or beneficial to a person, organization, or situation.
- An item of property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies: In finance and accounting, this refers to economic resources that are expected to provide future benefits.
Examples of Usage
- As a useful quality:
- Her positive attitude is her greatest asset in the workplace.
- Fluency in multiple languages is a significant asset for a diplomat.
- As a financial resource:
- The company's main assets include its brand reputation and its patents.
- He listed his house and car as assets on the loan application.
Advanced Usage
- "To be an asset to someone/something": To be a valuable and helpful person or thing for a particular group or purpose.
- Her organizational skills make her a real asset to the team.
- "Liquid asset": Cash or an asset that can be quickly converted into cash with minimal impact on its value.
- Savings accounts are considered liquid assets.
Variants and Related Words
- Assets (n, plural): The total resources of a person or business, often detailed on a balance sheet.
- The firm's assets exceeded its liabilities.
- Asset-backed (adj): Describing a security whose value and income payments are derived from a specific pool of underlying assets.
- The bank issued asset-backed securities.
Synonyms
- Advantage: A condition or circumstance that puts one in a favorable position.
- Resource: A stock or supply of money, materials, staff, and other assets that can be drawn on by a person or organization in order to function effectively.
- Boon: A thing that is helpful or beneficial.
Antonyms
- Liability: A person or thing whose presence or behavior is likely to cause embarrassment or put one at a disadvantage. In finance, it is a financial obligation or debt.
- Handicap: A circumstance that makes progress or success difficult.
- Drawback: A feature that renders something less acceptable; a disadvantage.
Related Phrases
- Fixed asset: A long-term tangible piece of property that a firm owns and uses in its operations to generate income, not expected to be consumed or converted into cash within a year.
- Machinery and buildings are typical fixed assets for a manufacturer.
- Intangible asset: An asset that is not physical in nature, such as intellectual property, brand recognition, or goodwill.
- The company's trademark is its most valuable intangible asset.
Noun
-
a useful or valuable quality
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