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Assets Meaning: Definition, Examples, and Translations

๐Ÿ’ฐ
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assets

[หˆรฆsษ›ts ]

Definitions

Context #1 | Noun

financial

Items owned by a business that have monetary value and can be used to generate revenue.

Synonyms

holdings, possessions, property.

Which Synonym Should You Choose?

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Word Description / Examples
assets

This term is typically used in a business or financial context to refer to valuable items owned by a company or individual that can be converted into cash. It includes both tangible and intangible items.

  • The company's assets include real estate, vehicles, and intellectual property.
  • She listed her assets when applying for the loan.
property

This term often refers to real estate or land and any buildings on it. It can also be used more broadly for anything owned by someone.

  • The property includes a two-story house with a large garden.
  • They decided to invest in rental property.
possessions

General term used to describe items that a person owns. It can refer to anything from everyday items to valuable belongings.

  • She packed her possessions before moving to a new city.
  • His most cherished possessions include family heirlooms and photographs.
holdings

This term is usually used to describe financial investments, such as stocks, bonds, or real estate owned by an individual or organization.

  • His holdings in the stock market have significantly increased in value.
  • The museum decided to sell some of its holdings to raise funds.

Examples of usage

  • The company's assets include cash, inventory, and equipment.
  • The value of the company's assets increased by 10% this quarter.
Context #2 | Noun

computing

Any file, program, or piece of data that is stored digitally and can be accessed by a computer system.

Synonyms

elements, files, resources.

Which Synonym Should You Choose?

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Word Description / Examples
assets

Used in financial or business contexts to refer to valuable items owned by a person or company.

  • The companyโ€™s assets include buildings, machinery, and investments
files

Suitable for referring to digital or physical documents that store information, often used in computing, legal, or administrative contexts.

  • She saved the report as a PDF file on her computer
resources

Commonly used to describe materials, money, staff, or any supplies available to achieve goals, often used in educational, environmental, or managerial contexts.

  • The school offers various resources to help students succeed, including tutoring and library materials
elements

Best for describing parts or components of something, often used in scientific, design, or educational contexts.

  • Hydrogen and oxygen are elements found in water

Examples of usage

  • The software developer backed up all project assets to prevent data loss.
  • The website's assets, such as images and scripts, were optimized for faster loading.

Translations

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

Interesting Facts

Finance

  • Assets are divided into categories: current (like cash) and non-current (like property).
  • In accounting, total assets must equal total liabilities plus equity, illustrating the balance in financial records.
  • Corporate assets can significantly influence a company's stock value in financial markets.

Law

  • In legal terms, assets can be seized in court to satisfy debts owed by an individual or organization.
  • Inheritance laws often dictate how assets are distributed among heirs after someone's death.

Psychology

  • Individuals view personal assets not just as material possessions, but as elements that contribute to their identity and self-worth.
  • The perception of oneโ€™s assets can influence mental well-being, as having resources often leads to greater security and confidence.

Pop Culture

  • Numerous movies and shows focus on characters trying to acquire or protect their assets, often portraying them in a dramatic light.
  • Reality TV series like 'Shark Tank' highlight the importance of assets in business ventures, showing how they can impact success.

Origin of 'assets'

Main points about word origin

  • The word comes from the Old French 'assez', meaning 'enough', which gradually evolved to signify goods or resources.
  • In the 14th century, 'asset' referred to ownership or having an asset that provided value or security.

The term 'assets' originated from the Middle English word 'asset', meaning 'enough'. In the financial context, assets refer to resources that hold economic value and contribute to an entity's wealth. The concept of assets has evolved over time with the development of accounting principles and technological advancements, leading to the recognition of digital assets in the modern era.

See also: asset, assetizing.

Word Frequency Rank

This word ranks #1,510, placing it within important intermediate vocabulary. Learning it will significantly improve your ability to express yourself in English.