Assets : Dictionary / Wörterbuch (BEOLINGUS, TU Chemnitz)

English Dictionary: Assets	by the DICT Development Group
2 results for Assets
From WordNet (r) 3.0 (2006) [wn]:
assets n anything of material value or usefulness that is owned by a person or company
From Webster's Revised Unabridged Dictionary (1913) [web1913]:
Assets \As"sets\, n. pl. [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. [?] enough, Goth. saps full. Cf. {Assai}, {Satisfy}.] 1. (Law) (a) Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. --Story. --Blackstone. (b) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts. 2. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to {liabilities}. Note: In balancing accounts the assets are put on the Cr. side and the debts on the Dr. side.