Definition of Assets

1. Noun. Anything of material value or usefulness that is owned by a person or company.

Definition of Assets

1. n. pl. 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.

Definition of Assets

1. Noun. (plural of asset) ¹

2. Noun. (finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts. ¹

3. Noun. (legal) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it. ¹

4. Noun. Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts. ¹

¹ Source:

Definition of Assets

1. asset [n] - See also: asset

Assets Pictures

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Literary usage of Assets

Below you will find example usage of this term as found in modern and/or classical literature:

1. Publishers Weekly by Publishers' Board of Trade (U.S.), Book Trade Association of Philadelphia, American Book Trade Union, Am. Book Trade Association, R.R. Bowker Company (1912)
"AMERICAN—1868 to 1911—Dividends and assets disbursed to shareholders, ... with which the companies operate amount to only 12 per cent, of their assets. ..."

2. United States Supreme Court Reports by Lawyers Co-operative Publishing Company, United States Supreme Court (1889)
"The case was referred to a special referee, who reported that the assets of the estate could not exceed $11000: that the amount due on the mortgage to ..."

3. Commentaries on the Laws of England: In Four Books by William Blackstone (1876)
"But any one may, of course, so actas to make his personal assets liable to the ... And if a bill has been filed for administration of the assets, should it ..."

4. Reports of Cases Argued and Determined in the High Court of Chancery: During by Great Britain Court of Chancery, Edward Thurlow Thurlow, Alexander Wedderburn Rosslyn, Jonathan Cogswell Perkins (1844)
"assets. 1. An equity of redemption of a mortgage fee not equitable assets; ... Upon a deficiency of assets administered this Court a value must be set upon ..."

5. Encyclopaedia Britannica, a Dictionary of Arts, Sciences, Literature and edited by Hugh Chisholm (1910)
"If on realization of the security there à a balance after paying the debt, such balance becomes assets for the unsecured creditors; if there is a deficit, ..."

6. Supreme Court Reporter by Robert Desty, United States Supreme Court, West Publishing Company (1907)
"The Comptroller also informed the president of the bank: "The assets belong to the stockholders of record, and a trust fund must be created, ..."

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