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
- It's the market value of the tangible and intangible assets.
- The Yen grew in value and the monetary assets generated more wealth.
- Credit is money or assets on the books at the disposal of the account.
- This value is broadly equivalent to the value of the underlying assets.
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