"assets" Definition

  1. n. pl. Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend.
  2. n. pl. Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.
  3. n. pl. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities.

More About assets

Position in dictionary: 6877 of 111710 words.
Word Type: n. pl., n. pl., n. pl.,
Words that start with "assets": 1
Words that end with "assets": 2
Words that contain "assets": 2
Next words in dictionary: assever, asseverate, asseverated, asseverating, asseveration, asseverative, asseveratory, assibilate, assibilation, assidean
Previous words in dictionary: asset, assessorship, assessorial, assessor, assessment, assession, assessing, assessee, assessed, assessable

English Dictionary Definition of assets

Read all of this dictionary's definitions for the word "assets" on this page. Also learn the word type, other words that start with, end with or contain this word, the position in the dictionary and the next and previous terms. The historical definitions of the word "assets" found on this page is taken from the 1913 edition of Webster's Unabridged Dictionary.