asset

UK: ˈæsɛt | US: ˈæsɛt

Definition
  1. n. a useful or valuable thing, person, or quality

  2. n. (finance) an item of property owned by a person or company, regarded as having value

Structure

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Etymology

The word "asset" originates from the Anglo-Norman French asetz (enough), derived from Latin ad satis ("to sufficiency"). Originally used in law to mean "sufficient property to discharge debt," it evolved into its modern financial sense by the 19th century. The morpheme as- (from ad-) implies direction or purpose, while -set (from satis) conveys adequacy or value.

Examples
  1. Her creativity is her greatest asset in the workplace.

  2. The company listed its assets and liabilities in the annual report.

  3. Real estate can be a profitable long-term asset.

  4. Trust is an invaluable asset in any relationship.

  5. The museum’s collection is a cultural asset for the city.