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asset

Syllabification: (as·set)
Pronunciation: /ˈaset/
Translate asset | into French | into German | into Italian | into Spanish
Definition of asset

noun

  • a useful or valuable thing, person, or quality:quick reflexes were his chief asset the school is an asset to the community
  • (usually assets) property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies:growth in net assets [as modifier]:debiting the asset account
  • (assets) military equipment, such as planes, ships, communications and radar installations, employed or targeted in military operations.

Origin:

mid 16th century (in the plural in the sense 'sufficient estate to allow discharge of a will'): from an Anglo-Norman French legal term, from Old French asez 'enough', based on Latin ad 'to' + satis 'enough'

asset in other Oxford dictionaries

Definition of asset in the British & World English dictionary
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