assets

IPA: ˈæsɛts

noun

  • (finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
  • (accounting) The left side of a balance sheet.
  • (law) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.
  • Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
  • (slang, vulgar, usually in the plural) Private parts; a woman's breasts or buttocks, or a man's genitalia.
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Examples of "assets" in Sentences

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