The definition of assets

3 Definitions of: assets

1. plural noun, accounting the property and claims against debtors that a business enterprise may apply to discharge its liabilities. Assets may be fixed, current, liquid, or intangible and are shown balanced against liabilities. Compare liabilities
2. plural noun, law the property available to an executor or administrator for settlement of the debts and payment of legacies of the estate of a deceased or insolvent person
3. plural noun, any property owned by a person or firm
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5. Show me the etymology of the word: assets

No synonyms or antonyms found for word assets

From Collins