WordGarden.ioasset
B2Pronunciation
UK
- /ˈæsɛt/
US
- /ˈæˌsɛt/
Meanings
Noun
something owned that has financial value
a useful or valuable person, quality, or thing
a person or resource used in military or intelligence work
More meaningsFewer meanings
a digital file or resource used by software or media
Beyond the definition
An asset isn't just something you own; it is anything that holds value for you—whether it's a tangible item like a house or car, an intangible quality like a strong work ethic, or even a skill like playing the guitar. Think of it as something that can bring benefit. A talented employee is a huge asset to a company, just like a reliable old truck is an asset to a farmer.
Assets are often used in financial contexts—especially when companies list them on a balance sheet—but they extend far beyond money. A supportive family? That's an asset! A sunny disposition? Definitely an asset! You might even say a good sense of humor is your greatest asset.
The word "asset" refers to something valuable that an individual or organization owns, controls, or has access to. While often associated with financial possessions like money, property, and investments, the concept extends far beyond just material wealth.
In a business context, assets are listed on a balance sheet and represent everything the company owns that can be used to generate future economic benefit. This includes things like cash, accounts receivable (money owed to the company), equipment, buildings, and intellectual property.
However, an asset doesn't have to be something you can touch or see. Skills, knowledge, experience, a strong reputation, even good health—these are all considered valuable assets. A person with excellent communication skills is an asset to any team. A community with a thriving arts scene is an asset to its residents.
The term "asset" also carries the implication of potential future value. Something isn't just an asset because it is valuable today, but because it has the capacity to generate benefits in the future. For example, investing in education is building a human asset that will pay dividends throughout a lifetime.
So whether you're talking about financial statements or personal qualities, an asset represents something of worth—a resource that can be leveraged for success and well-being. It's what helps you thrive, grow, and achieve your goals.
Examples
- 1
Personal quality
Patience is a useful asset when you work with young children.
- 2
Team value
She would be a real asset to any team.
- Patternbe an asset to + person/group
be useful or valuable for them
- 3
Local knowledge
His local knowledge was our biggest asset during the trip.
- 4
Business value
A strong brand is one of the company's most valuable assets.
More examplesFewer examples
- 5
Company property
Most of the business's assets are in property and equipment.
- 6
Forced sale
The bank forced the company to sell some of its assets.
- 7
Legal disclosure
The court ordered him to declare all his assets before the divorce case.
See also
Forms and spellings
2 forms open this card.
Main spelling
- assetnoun
Forms
- assetspluralnoun