asset

Definitions

General English

General Science

Construction

  • An item of monetary value, which can include real, personal, or financial property, that is expected to have some value in a future period.

Economics

  • noun a thing which belongs to company or person, and which has a value. A company’s balance sheet will show assets in various forms such as current assets, fixed assets and intangible assets. An individual’s assets will include items such as his or her house, car, and clothes.

Forex

  • Any good that has an underlying exchange value. Assets include securities, currency, and other property.

    Accounting: A balance sheet item that represents what a company owns. Current assets are items such as inventory that are consumed in the normal course of business. Fixed assets are items such as equipment that have lasting value.

Health Economics

  • (written as Asset)
    Any property or entities with marketable worth owned by a person or business. Assets include real property, human capital, and enforceable claims against others (including bank accounts, stocks and debts).

Law

  • noun something which belongs to a company or person and which has a specific value

Origin & History of “asset”

Originally, to have assets was simply to have ‘enough’ – as in French assez. The Anglo-Norman legal phrase aver asetz signified ‘have enough money to meet one’s debts’, and eventually asetz, later assets, passed from the general meaning ‘enough’ to the particular ‘financial resources’ (the final -s caused it to be regarded as a plural noun, but the analogical singular asset does not appear until the 19th century). Anglo-Norman asetz itself goes back via Old French asez to vulgar Latin *assatis, formed from the Latin phrase ad satis ‘to enough’ (satis is the source of English satisfy and satiate, and is related to sad).
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