Asset: meaning, definitions and examples

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

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

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

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

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.

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.

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.

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.

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.

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 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.

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.