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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)
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