Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

English definition of “asset”

See all translations

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)
What is the pronunciation of asset?
Add Cambridge dictionaries to your browser to your website

Definitions of “asset” in other dictionaries

Word of the Day

work out

to exercise in order to improve the strength or appearance of your body

Word of the Day

Byronic, Orwellian and Darwinian: adjectives from names.

by Liz Walter,
April 15, 2015
Becoming an adjective is a strange kind of memorial, but it is often a sign of a person having had real influence on the world. Science is full of examples, from Hippocrates, the Greek medic born around 460 BC, who gave his name to the Hippocratic Oath still used by doctors today,

Read More 

bio-inspiration noun

April 13, 2015
the adoption of patterns and structures found in nature for the purposes of engineering, manufacturing, science, etc. The MIT researchers actually aren’t the only robotics team to turn to cheetahs for bio-inspiration.

Read More