Asset Meaning and Definition
Asset
Pronunciation
/əˈsɛt/
Part of Speech
Noun
Definition
A valuable or useful resource, quality, or characteristic that is owned, controlled, or used by an individual or organization.
Examples
- The company’s strongest asset was its innovative research team.
- The investor bought a portfolio of high-yield assets.
Synonyms
- Resource
- Property
Antonyms
- Hindrance
- Liability
Etymology
A suffix forming nouns denoting a possession, a quality, or an attribute.
Usage Notes
Assets can be tangible, such as property or equipment, or intangible, such as patents, copyrights, or goodwill. Assets can also be categorized as financial, like cash, investments, or debt forgiveness.
Cultural References
In the game “Dungeons & Dragons,” an asset is a valuable item or ability that characters can possess.
Idiomatic Expressions or Phrases
“Assets on the street” refers to the value of a person’s skills or abilities that are being utilized in their profession.
Related Words or Phrases
- Liability
- Resource
- Property
- Valuation
Collocations
- Human asset
- Financial asset
- Intellectual asset
Frequency of Use
A frequently used term in finance, business, and economics, with approximately 0.015% frequency in modern language.
Common Misspellings
- Assit
- Aset
- Assetts