Definition of “asset” - English Dictionary

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“asset” in British English

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assetnoun

uk /ˈæs.et/ us /ˈæs.et/

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)

More examples

  • As a footballer his great asset was his calm, phlegmatic manner.
  • Her knowledge and experience would make her a priceless asset to the team.
  • The company's assets are periodically revalued.
  • untapped assets
  • When it was obvious the company was going bankrupt, the government ordered all their assets to be frozen.

(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)