assets Definition
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assets
plural noun
- 1. The total value of the property and possessions of a person or company, especially when thought of in terms of whether or not it is enough to cover any debts. Compare liabilities.
- Thesaurus: capital, funds, holdings, means, wealth, property, resources, reserves, possessions, wherewithal, goods, estate.
- The total property that belonged to someone who has died and which is then at the disposal of an executor for the payment of any outstanding debts, legacies, etc.
