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English definition of “asset”

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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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