Asset
/ˈæsɛt/
nounBeginnerVery CommonBusiness
Meaning
Questions
Definitions
1
A useful or valuable thing, person, or quality.
/ˈæsɛt/
nounneutralBeginner
Business
Something valuable owned by a person or company
Their biggest asset is their dedicated team.
💡 Simply: Something good that you own.
More Examples
2
Real estate is a valuable asset.
How It's Used
Business
"The company's assets include buildings, equipment, and intellectual property."
Finance
"The bank carefully assessed the value of the assets before making the loan."
From Old French *asset, from asseoir 'to sit', 'to settle', referring to something established or settled in place, later referring to property.
Historically, the term's meaning was more literal, referring to something that could be readily used or converted to cash.
Memory tip
Think of it as something that 'assets' your position or value.
Practice
Base: asset
assettasestashet
Usage
20%Spoken
80%Written