asset
noun [ C, usually plural ]
uk/ˈæset/ us ACCOUNTING, FINANCE
something that is owned by a person, company, or organization, such as money, property, or land:
The company reported total assets worth $1.9 million.
have/hold/own assets You can hold assets offshore, such as bank accounts or property.
acquire/buy/increase assets The parties will decide whether to buy assets or shares.
dispose of/reduce/sell assets The company's board could dispose of assets once they decide to sell the company.
freeze/release/unfreeze assets The courts can order a financial institution to freeze assets.
record/show sth as an asset This figure will need to be shown in the accounts as an asset.
the sale/disposal/transfer of assets
a person or thing that is very useful or valuable:
be an asset to sb/sth Thank you for your contribution - you are an asset to the company.
great/important/valuable asset Our customer service team is our most important asset.
See also
capital asset
chargeable asset
charge on assets
circulating asset
current asset
financial asset
frozen asset
hard asset
intangible asset
intellectual asset
knowledge asset
liquid asset
net assets
net current assets
operating assets
return on assets
tangible asset
underlying assets
verification of assets
wasting asset