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English definition of “asset”

asset

noun     /ˈæs.et/ /-ɪt/
C1 [C] a useful or valuable quality , skill , or person : He'll be a great asset to the team . Her eyes are her best asset (= most attractive feature ). Knowledge of languages is a real asset in this sort of work .Useful or advantageous C1 [C usually plural] something valuable belonging to a person or organization that can be used for the payment of debts : A company's assets can consist of cash , investments , specialist knowledge , or copyright material . liquid assets (= money or things that can easily be changed into money ) → Compare liabilities (liability)Belongings and possessions
(Definition of asset noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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