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English definition of “asset”

asset

noun     /ˈæs.et/ /-ɪt/
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.Useful or advantageous 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) → Compare liabilities (liability)Belongings and possessions
(Definition of asset noun from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)
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