English-English Dictionary

Meaning of the word asset in English

What does asset mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

asset

US /ˈæs.et/
UK /ˈæs.et/
"asset" picture

Noun

1.

a useful or valuable thing, person, or quality

Example:
•
Her experience is a great asset to the team.
•
Good communication skills are a valuable asset in any profession.
Synonym:
advantagebenefitstrengthresourceboon
2.

a property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies

Example:
•
The company's total assets include buildings, equipment, and cash.
•
He declared all his assets before filing for bankruptcy.
Synonym:
propertyholdingspossessionscapitalresources
Learn This Word at Lingoland
Related Word:
liquid assetsintangible assettangible assetfixed assetsasset-strippingnet asset valueassets under management