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Definitions of asset

  1. a useful or valuable quality Scrapingweb Dictionary DB
  2. Any article or separable part of one's assets. Webster Dictionary DB
  3. An item in one's assets. The Concise Standard Dictionary of the English Language. By James Champlin Fernald. Published 1919.
  4. A financial contract or physical object with value that is owned by an individual, company, or sovereign, which can be used to generate additional value or provide LIQUIDITY. Assets are credits to the balance sheet, and may include CASH, investments, ACCOUNTS RECEIVABLE, LOANS granted, INVENTORY, real estate, plant and equipment, and GOODWILL. Assets are characterized by varying degrees of LIQUIDITY, and may be funded through DEBT or EQUITY. See also LIABILITY. thelawdictionary.org

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