Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “asset”

asset

noun [C, usually plural]
 
 
/ˈæset/
ACCOUNTING, FINANCE something that is owned by a person, company, or organization, such as money, property, or land: The company reported total assets worth $1.9 million.have/hold/own assets You can hold assets offshore, such as bank accounts or property.acquire/buy/increase assets The parties will decide whether to buy assets or shares.dispose of/reduce/sell assets The company's board could dispose of assets once they decide to sell the company.freeze/release/unfreeze assets The courts can order a financial institution to freeze assets.record/show sth as an asset This figure will need to be shown in the accounts as an asset. the sale/disposal/transfer of assets
a person or thing that is very useful or valuable: be an asset to sb/sth Thank you for your contribution - you are an asset to the company.great/important/valuable asset Our customer service team is our most important asset.
→ See also capital asset, chargeable asset, charge on assets, circulating asset, current asset, financial asset, frozen asset, hard asset, intangible asset, intellectual asset, knowledge asset, liquid asset, net assets, net current assets, operating assets, return on assets, tangible asset, underlying assets, verification of assets, wasting asset
(Definition of asset from the Cambridge Business English Dictionary © Cambridge University Press)
What is the pronunciation of asset?
Add Cambridge dictionaries to your browser to your website

Definitions of “asset” in other dictionaries

Word of the Day

shadow

an area of darkness, caused by light being blocked by something

Word of the Day

Highly delighted, bitterly disappointed, ridiculously cheap: adverbs for emphasis.

by Liz Walter,
October 22, 2014
We often make adjectives stronger by putting an adverb in front of them. The most common ones are very and, for a stronger meaning, extremely: He was very pleased. The ship is extremely large. However, we don’t use very or extremely for adjectives that already have a strong meaning, for example fantastic,

Read More 

life tracking noun

October 20, 2014
the use of one or more devices or apps to monitor health, exercise, how time is spent, etc.

Read More