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Definitions of assets

  1. anything of material value or usefulness Scrapingweb Dictionary DB
  2. Effects of an insolvent debtor or bankrupt, applicable to the payment of debts. Webster Dictionary DB
  3. Property of a deceased person, subject by law to the payment of his debts and legacies; - called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. Webster Dictionary DB
  4. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; - opposed to liabilities. Webster Dictionary DB
  5. All the property of a person, firm, or estate which may be used to pay his or its debts; all that one owns; property in general. The Winston Simplified Dictionary. By William Dodge Lewis, Edgar Arthur Singer. Published 1919.
  6. Any item of one's property. The Winston Simplified Dictionary. By William Dodge Lewis, Edgar Arthur Singer. Published 1919.
  7. The property of a deceased or insolvent person, considered as chargeable for all debts, etc.: the entire property of all sorts belonging to a merchant or to a trading association. The american dictionary of the english language. By Daniel Lyons. Published 1899.
  8. Effects or estate liable to pay debts. The Clarendon dictionary. By William Hand Browne, Samuel Stehman Haldeman. Published 1894.
  9. Available property, as for payment of debts, legacies, etc. The Concise Standard Dictionary of the English Language. By James Champlin Fernald. Published 1919.
  10. The stock-in-trade and entire property of a merchant or of a trading association; goods or estate of a deceased person, subject to the payment of his debts; the property of an insolvent debtor. Nuttall's Standard dictionary of the English language. By Nuttall, P.Austin. Published 1914.
  11. Funds or property available for payment of debts, &c. Etymological and pronouncing dictionary of the English language. By Stormonth, James, Phelp, P. H. Published 1874.
  12. Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. mso.anu.edu.au
  13. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities. mso.anu.edu.au
  14. In probate law. Property of n a decedent available for the payment of debts LI and legacies; the estate coming to the heir or personal representative which is chargeable, in law or equity, with the obligations which such heir or representative is required, in his representative capacity, to discharge. F In an accurate and legal sense, all the personal property of the deceased which is of a salable nature, and may be converted into ready money, is deemed assets. But the word is not confined to such property ; for all other property of the deceased which is chargeable with n his debts or legacies, and is applicable to that | purpose, is, in a large sense, assets. 1 Story, Eq. .Tur. thelawdictionary.org
  15. The property in the hands of an heir, executor, administrator or trustee, which is legally or equitably chargeable with the obligations, which such heir, executor, administrator or other trustee, is, as such, required to discharge, is called assets. The term is derived from the French word assez, enough; that is, the heir or trustee has enough property. But the property is still called assets, although there may not be enough to discharge all the obligations; and the heir, executor, &c., is chargeable in distribution as far as such property extends. 1215.org/lawnotes/bouvier/bouvier.htm
  16. Assets are sometimes divided by all the old writers, into assets enter mains and assets per descent; considered as to their mode of distribution, they are 1egal or equitable; as to the property from which they arise, they are real or personal. 1215.org/lawnotes/bouvier/bouvier.htm
  17. Assets enter maim, or assets in hand, is such property as at once comes to the executor or other trustee, for the purpose of satisfying claims against him as such. Termes de la Ley. 1215.org/lawnotes/bouvier/bouvier.htm
  18. Assets per descent, is that portion of the ancestor's estate which descends to the heir, and which is sufficient to charge him, as far as it goes, with the specialty debts of his ancestor. 2 Williams on Ex. 1011. 1215.org/lawnotes/bouvier/bouvier.htm
  19. Legal assets, are such as constitute the fund for the payment of debts according to their legal priority. 1215.org/lawnotes/bouvier/bouvier.htm
  20. Equitable assets, are such as can be reached only by the aid of a court of equity, and are to be divided,, pari passu, among all the creditors; as when a debtor has made his property subject to his debts generally, which, without his act would not have been so subject. 1 Madd. Ch. 586; 2 Fonbl. 40 1, et seq.; Willis on Trust, 118. 1215.org/lawnotes/bouvier/bouvier.htm
  21. Real assets, are such as descend to the heir, as in estate in fee simple. 1215.org/lawnotes/bouvier/bouvier.htm
  22. Personal assets, are such goods and chattels to which the executor or administrator is entitled. 1215.org/lawnotes/bouvier/bouvier.htm
  23. In commerce, by assets is understood all the stock in trade, cash, and all available property belonging to a merchant or company. Vide, generally, Williams on Exec. Index, h. t.; Toll. on Exec. Index, h. t.; 2 Bl. Com. 510, 511; 3 Vin. Ab. 141; 11 Vin. Ab. 239; 1 Vern. 94; 3 Ves. Jr. 117; Gordon's Law of Decedents, Index, h. t.; Ram on Assets. 1215.org/lawnotes/bouvier/bouvier.htm
  24. Property of a deceased person, subject by law to the payment of his debts and legacies; called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. dictgcide_fs
  25. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; opposed to liabilities. dictgcide_fs
  26. as'sets, n.pl. the property of a deceased or insolvent person, considered as chargeable for all debts, &c.: the entire property of all sorts belonging to a merchant or to a trading association. [From the Anglo-Fr. law phrase aver assetz, to have sufficient, O. Fr. asez, enough--L. ad, to, satis, enough.] gutenberg.org/ebooks/37683
  27. (sing. -et). (Law) enough goods to enable heir to discharge debts and legacies of testator; property liable to be so applied; effects of insolvent debtor; property of person or company that may be made liable for debts; (sing.) item of this in balance-sheet, (loosely) any possession. [Anglo-French] Concise Oxford Dictionary
  28. (Leg.) The chargeable property of a deceased person. Glossary of terms and phrases - Percy
  29. The entire property which can be realized for distribution among creditors. Glossary of terms and phrases - Percy
  30. n. [Latin] Property in possession or due, as opposed to liabilities; the effects of an insolvent. Cabinet Dictionary
  31. Goods sufficient to discharge that burden, which is cast upon the executor or heir. Complete Dictionary

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