Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “asset”

See all translations

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

cold snap

a short period of cold weather

Word of the Day

Cleavage proves divisive in Cambridge’s words of 2014

by Alastair Horne,
December 19, 2014
​​​​ Other dictionaries may choose faddish novelties as their words of the year, but here at Cambridge, we like to do something different. We look for the words that have seen sudden surges in searches over the course of the year – words that have been baffling users of English and driven them

Read More 

cinderella surgery noun

December 15, 2014
cosmetic surgery to the feet We have all heard of people having nose jobs, boob jobs and liposuction – but now a new trend growing in popularity in America: Cinderella surgery.

Read More