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assets

Definition from Dictionary, a free dictionary
On the last analysis, then, love is life. Love never faileth and life never faileth so long as there is love.
Henry Drummond
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English

Pronunciation

  • IPA: /'æsets/

Noun

assets, (plural of asset)

  1. (finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
    His assets are much greater than his liabilities.
  2. (law) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.
  3. Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.

Translations

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