What does ASSET mean?

Asset

Part of Speech: Noun

Definition: Something valuable or useful that is owned by a person, company, or organization.

Pronunciation (US): /ˈæsɛt/

Pronunciation (UK): /ˈasɛt/

Origin and Usage: The word "asset" originated in the late 16th century from Old French "assete," meaning "enough, sufficiency." It was first used in the financial sense in the early 19th century. Today, it is commonly used in the fields of finance, accounting, and business.

Synonyms: Property, possession, resource, holding, investment, equity, goods, belongings, valuables.

Related Words: Value, money, worth, equity, stock.

Example Sentences:

1. He considered his house to be his most valuable asset.
2. The companys assets were worth millions of dollars.
3. She invested her assets wisely and was able to retire early.
4. The business acquired several new assets during the merger.
5. The asset management team was responsible for overseeing the companys investments.