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- An asset is something that can provide a benefit, generate cash flow, reduce expenses, or improve sales in the future1. It can be anything from manufacturing equipment to a patent. An asset can also refer to a person who provides a benefit, such as a person's sense of humor2. In the context of divorce, marital assets are generally subject to equitable distribution2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.
An asset can be thought of as something that, in the future, can generate cash flow, reduce expenses, or improve sales, regardless of whether it's manufacturing equipment or a patent.
www.investopedia.com/terms/a/asset.asp1 : someone or something that provides a benefit Your sense of humor is an asset. She is an asset to the class. Note: Marital assets are generally subject to equitable distribution on divorce.
www.merriam-webster.com/dictionary/asset - People also ask
- nounasset (noun) · assets (plural noun)
- a useful or valuable thing, person, or quality:"quick reflexes were his chief asset" · "the school is an asset to the community"Similar:good pointattractive featureredeeming featurecompensating feature
- (assets)property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies:"growth in net assets" · "debiting the asset account"Opposite:
- (assets)military equipment, such as planes, ships, communications and radar installations, employed or targeted in military operations.
OriginMiddle English (in plural in the sense ‘sufficient estate to allow discharge of a will’): from an Anglo-Norman French legal term, from Old French asez ‘enough’, based on Latin ad ‘to’ + satis ‘enough’. Asset Definition & Meaning - Merriam-Webster
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