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Noun
assets,
- items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate ( opposed to liabilities ).
- Accounting . the items detailed on a balance sheet, esp. in relation to liabilities and capital.
- all property available for the payment of debts, esp. of a bankrupt or insolvent firm or person.
- Law . property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person.
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