Meaning of “asset” in the English Dictionary

"asset" in English

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uk /ˈæ us /ˈæ

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.

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)

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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 positive feature 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 /ˈæset/ us

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.

(Definition of “asset” from the Cambridge Business English Dictionary © Cambridge University Press)

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The two directives and the regulation we are examining are an asset in confronting the enormous challenge of maritime safety and need to be implemented as quickly as possible.
What is crucial for us once again is the fact that the asset stripping of companies by private equity funds is not prevented effectively.
In this case, which is perhaps the most common use of derivatives by asset managers, you reduce your potential reward but you also reduce your potential risk.
Water is not only a common asset, but a universal human right, and the management of water services as a local public service is the basis of good government action.
The aim of the next proposal is to introduce transparency into these exchanges, into these negotiations, always maintaining the status of public asset.
You are right to emphasise this freedom of movement, which is a major asset and which obviously must not be called into question.
The internal market is the foundation stone of our prosperity, and the common currency is a precious political and economic asset.
Such a framework should allow fair access between the suppliers of services to port activities and would represent an essential asset for the development of the ports.
Our budgetary resources are also a scarce asset, and so we must make strenuous efforts to achieve our environmental goals as effectively and efficiently is possible.
We need to rethink and recognise that water is our most important asset and that our responsibility towards it goes far beyond the present generation.