asset Meaning in the Cambridge English Dictionary Cambridge dictionaries logo

Meaning of “asset” in the English Dictionary

"asset" in British English

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assetnoun

uk   us   /ˈæs.et/ /-ɪt/
C1 [C] a ​useful or ​valuablequality, ​skill, or ​person: He'll be a ​great asset to the ​team. Her ​eyes are her best asset (= most ​attractivefeature). Knowledge of ​languages is a ​real asset in this ​sort of ​work.C1 [C usually plural] something ​valuablebelonging to a ​person or ​organization that can be used for the ​payment of ​debts: A company's assets can consist of ​cash, ​investments, ​specialistknowledge, or ​copyrightmaterial. liquid assets (= ​money or things that can ​easily be ​changed into ​money)

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(Definition of asset from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"asset" in American English

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assetnoun [C usually pl]

 us   /ˈæs·et, -ət/
something having ​value, such as a ​possession or ​property, that is ​owned by a ​person, ​business, or ​organization An asset is also any ​positivefeature that gives you an ​advantage: Her ​knowledge of Spanish and ​French is a ​real asset in her ​work.
(Definition of asset from the Cambridge Academic Content Dictionary © Cambridge University Press)

"asset" in Business English

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assetnoun [C, usually plural]

uk   us   /ˈæset/
ACCOUNTING, FINANCE something that is ​owned by a ​person, ​company, or ​organization, such as ​money, ​property, or ​land: The ​companyreported total assetsworth $1.9 million.have/hold/own assets You can ​hold assets ​offshore, such as ​bankaccounts 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 ​financialinstitution 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 ​customerserviceteam is our most important asset.
(Definition of asset from the Cambridge Business English Dictionary © Cambridge University Press)
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“asset” in Business English

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