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.

Noun

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