Asset Meaning: Definition, Examples, and Translations

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asset

[ˈæsɛt ]

Definitions

^{Context #1 | Noun}

finance

An item of value owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies.

Synonyms

belongings, possession, property.

Which Synonym Should You Choose?

Word	Description / Examples
asset	Use 'asset' to describe valuable things, both tangible and intangible, that someone owns, including resources, skills, or advantages. Her ability to speak multiple languages is a significant asset for the company
property	Use 'property' to describe land, buildings, or other real estate, can also include general ownership of items. They have recently bought a new property in the countryside Please respect other people's property
possession	Use 'possession' to describe something that someone owns or controls, can be used in both legal and everyday contexts. Sometimes has a slight negative connotation when referring to being overly attached to material things. She claimed the ring as her rightful possession His obsession with wealth and possessions made him unhappy
belongings	Use 'belongings' to describe personal items or things that someone owns and carries with them. He packed his belongings into a suitcase and left for the airport

Examples of usage

The company's assets include real estate, equipment, and patents.
She invested in gold as a safe asset during economic uncertainty.

^{Context #2 | Noun}

computing

A digital file or resource that can be used or referenced in a program or website.

Synonyms

component, element, resource.

Which Synonym Should You Choose?

Word	Description / Examples
asset	This word is often used in business and finance to refer to a valuable item or resource that is owned and has value. Real estate is a significant asset for the company. She is a valuable asset to the team.
resource	This term is used to describe something that can be drawn upon or used to accomplish something, often in contexts like education, business, or management. Our library is a valuable resource for students. The company needs more resources to complete the project on time.
element	This word is used in both scientific contexts (like chemistry) and general language to refer to a fundamental or essential part of something larger. Hydrogen is an element on the periodic table. Trust is an essential element of any healthy relationship.
component	This term is typically used in technical or detailed discussions to describe a part of a larger system or device. The engine is a crucial component of the car. Each component must be tested before assembly.

Examples of usage

The website's assets, such as images and scripts, are stored in a separate folder.
The game developer created various assets for the new video game.

^{Context #3 | Verb}

finance

To obtain as an asset; to acquire.

Synonyms

acquire, obtain, procure.

Which Synonym Should You Choose?

Word	Description / Examples
asset	Use 'asset' to describe something valuable or useful that one owns, often referring to financial or business contexts. Her language skills are a great asset to the team. The company's assets were valued at over a million dollars.
acquire	This word is typically used in formal or professional settings when something is gained through one's efforts. She acquired new skills during the training. He acquired the company after years of negotiation.
obtain	Obtain is used in more general contexts and can mean getting something through effort or by request. He obtained permission to use the library after hours. She obtained the necessary materials for her project.
procure	Often used in formal or official contexts, suggesting the process of obtaining something with some difficulty or effort. The hospital managed to procure the necessary medical supplies. They procured fresh produce from the local farmers.

Examples of usage

She decided to asset the company's liabilities before making a decision.
The new CEO aims to asset more properties for the expansion.

Translations

To see the translation, please select a language from the options available.

Origin of 'asset'

The word 'asset' originated in the late 16th century from Old French 'acetz' meaning 'enough, sufficient'. Over time, it evolved to signify items of value or resources that can be owned and utilized. The concept of assets has been crucial in both financial and digital contexts, highlighting the importance of value and ownership in various domains.

Word Frequency Rank

With rank #4,134, this word represents useful upper-intermediate vocabulary. Understanding and using it will help you express more complex ideas effectively.

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4135 ignored
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