Assets
//ˈæsɛts// noun, slang
noun, slang ·Common ·High school level
Definitions
Noun
- 1 plural of asset form-of, plural
- 2 Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts. plural, plural-normally
"His assets are much greater than his liabilities."
- 3 anything of material value or usefulness that is owned by a person or company wordnet
- 4 The left side of a balance sheet. plural, plural-normally
"The assets must equal liabilities, otherwise there is an error in your balance sheet."
- 5 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. plural, plural-normally
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- 6 Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts. plural, plural-normally
- 7 Private parts; a woman's breasts or buttocks, or a man's genitalia. plural, plural-normally, slang, vulgar
Example
More examples"Shareholders voted to liquidate the company's assets."
Etymology
From Anglo-Norman asetz, from Old French assez (“enough”). Originally singular, with the meaning "enough to meet liabilities"; later reanalyzed as a plural form.
Related phrases
More for "assets"
Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.