assets

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assets

A family reviews their financial assets on a chart.

Definition

Noun (plural form of asset) 1. Items of ownership that have value: All the valuable things, properties, or resources owned by a person, group, or company. These can be sold to pay debts or used to generate income. 2. A useful or valuable quality or person: A person, skill, or characteristic that is an advantage or a useful resource.

Usage

Assets is a plural noun. It refers to the total collection of valuable items or qualities. It is commonly used in financial, business, and personal contexts. - It typically functions as the subject or object of a sentence. - It is often modified by possessive adjectives (e.g., his assets, the company's assets).

Examples
  1. Financial/Business Context:

    • The company's total assets are valued at over $5 million.
    • After paying all debts, her remaining assets included a house and a small savings account.
    • The bank required a list of my assets before approving the loan.
  2. Personal/Qualitative Context:

    • Her intelligence and patience are her greatest assets in teaching.
    • The team's speed and agility are key assets on the field.
Advanced Usage
  • "To have assets": To possess valuable items or qualities.
    • He has significant assets in real estate.
  • "Assets and liabilities": A common accounting phrase pairing valuable items (assets) with debts or obligations (liabilities).
    • The balance sheet clearly lists the firm's assets and liabilities.
Variants and Related Words
  • Asset (singular noun): A single useful or valuable item, person, or quality.
    • This software is a major asset for our workflow.
  • Fixed assets (noun phrase): Long-term tangible assets like buildings or machinery.
  • Liquid assets (noun phrase): Assets that can be quickly converted into cash, like stocks or bank deposits.
Synonyms
  • Resources: Available assets.
  • Holdings: Stocks, property, or other assets held.
  • Property: Something owned.
  • Capital: Wealth in the form of money or other assets.
Antonyms
  • Liabilities: Financial debts or obligations.
  • Debts: Sums of money owed.
Related Idioms/Phrases
  • "To be an asset to someone/something": To be a very useful or valuable person for a group or organization.
    • His language skills make him a real asset to the team.
  • "To freeze assets" (financial/legal phrase): To legally prevent access to or use of one's assets.
    • The court ordered to freeze the company's assets during the investigation.
assets

A family reviews their financial assets on a chart.

Noun
  1. anything of material value or usefulness that is owned by a person or company