Asset
A useful or valuable thing, person, or quality. In finance, it specifically refers to a resource with economic value that an individual or corporation owns or controls with the expectation that it will provide a future benefit.
Examples
3 of 5Our house is our most valuable asset.
Our house is our most valuable asset.
The company’s total assets include property, equipment, and cash reserves.
The company’s total assets include property, equipment, and cash reserves.
He's such a great guy; he's a real asset to our soccer team.
He's such a great guy; he's a real asset to our soccer team.
Word Family
Memory Tip
An Asset is something that 'Adds' value to your life or business.
Quick Quiz
The bank required the small business to provide ______ as security for the loan.
Correct!
The correct answer is: assets
Examples
Our house is our most valuable asset.
everydayOur house is our most valuable asset.
The company’s total assets include property, equipment, and cash reserves.
formalThe company’s total assets include property, equipment, and cash reserves.
He's such a great guy; he's a real asset to our soccer team.
informalHe's such a great guy; he's a real asset to our soccer team.
Intangible assets like brand recognition are often harder to quantify than physical assets.
academicIntangible assets like brand recognition are often harder to quantify than physical assets.
We are looking to liquidate some of our non-core assets to raise capital.
businessWe are looking to liquidate some of our non-core assets to raise capital.
Word Family
Common Collocations
Common Phrases
asset allocation
distributing investments among different categories
intangible asset
an asset that is not physical in nature (like a patent)
be an asset to
to be useful to someone/something
Often Confused With
Access is the ability to enter or use something; an asset is something you own that has value.
Usage Notes
In a professional context, it can describe both physical items (like buildings) and human qualities (like skills).
Common Mistakes
Do not use 'assets' as a verb. It is strictly a noun.
Memory Tip
An Asset is something that 'Adds' value to your life or business.
Word Origin
From the Anglo-Norman 'asetz', meaning 'enough', from the Latin 'ad satis'.
Grammar Patterns
Cultural Context
Asset management is a massive industry in financial hubs like London and New York.
Quick Quiz
The bank required the small business to provide ______ as security for the loan.
Correct!
The correct answer is: assets
Related Vocabulary
More business words
innovation
B2Innovation refers to the process of creating or implementing a new idea, method, or product that significantly improves an existing situation. It is commonly used in business and technology to describe breakthroughs that lead to growth or efficiency.
Revenue
B2The total amount of income generated by the sale of goods or services related to the company's primary operations. It is often referred to as the 'top line' as it sits at the top of the income statement before any expenses are deducted.
Stakeholder
B2A person, group, or organization that has an interest or concern in an organization. Stakeholders can affect or be affected by the organization's actions, objectives, and policies.
Liability
B2The state of being legally responsible for something. In a financial context, it refers to a company's financial debts or obligations that arise during the course of business operations.
Merger
B2A legal consolidation of two entities into one, often to create a larger, more competitive company. Unlike an acquisition, it is usually presented as a friendly agreement between equals.
Acquisition
B2The act of one company purchasing most or all of another company's shares to gain control of it. It can also refer to the act of gaining a new skill, habit, or item.
Dividend
B2A sum of money paid regularly by a company to its shareholders out of its profits or reserves. It is a way for a company to share its financial success with those who invest in it.
Expenditure
B2The action of spending funds, or the total amount of money spent by a person, company, or government. It is a more formal term than 'spending'.
Investment
B2The act of putting money, effort, or time into something to make a profit or get an advantage. In finance, it specifically refers to purchasing assets like stocks, real estate, or bonds.
Profitability
B2The degree to which a business or activity yields profit or financial gain. It is a measurement of efficiency and the ultimate success of a company's operations.
Comments (0)
Login to CommentStart learning languages for free
Start Learning Free