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Asset: Definition, Usage & Key Examples (2 meaning)

Meaning 1:valuable property (asset)

asset 🔊
/ˈæs.et/
n.
Something valuable that a person, company, or country owns, which can be used to pay debts or is a source of wealth.
Asset illustration: person organizing valuable items like laptop, stocks, and cash.
valuable property 🔊
/ˈvæl.jə.bəl ˈprɒp.ə.ti/
n.
A valuable item or resource owned by an individual, company, or country, which holds economic value and can be converted into cash.
📁 Category:Social Economy 🔖 Level:Elementary

📘 Details & Usage

📖 Root Explanation
From Latin 'ad satis' ('to enough'), via Old French 'asez' ('enough').
💡 Mnemonic
ASSETS are valuable things you own, like SETS of gold. Think: "My ASSETS are a SET of valuables."
📖 Example
When my friend started his online business, his laptop and his coding skills were his most important assets. 🔊 At the beginning of his online venture, his laptop and programming abilities were his key resources of value.
🔗 Collocations
tangible asset – A physical asset like machinery, buildings, or land.
fixed asset – A long-term tangible asset not easily converted into cash.
current asset – Cash or assets expected to be converted to cash within a year.
🔄 Synonyms
property (n.) – Something owned, a possession.
holding (n.) – Stocks, property, or other financial assets owned.
capital (n.) – Wealth in the form of money or other assets.
🚫 Antonyms
liability (n.) – A financial obligation or debt.
🌱 Derivatives
asset-backed (adj.) – Financed by or secured with specific assets.
📖 Cultural Story
Originates from Latin via Anglo-French law meaning property sufficient to discharge a debt. In modern finance, it's a core term on balance sheets, distinguishing valuable resources from liabilities.

Meaning 2:advantageous quality (asset)

asset 🔊
/ˈæs.et/
n.
A useful or valuable quality or skill that a person or thing has.
Asset as advantage: team member contributing positively in a group meeting.
advantageous quality 🔊
/ˌæd.vənˈteɪ.dʒəs ˈkwɒl.ə.ti/
n.
A useful or valuable quality, skill, or person that contributes positively to a situation or group.
📁 Category:Social Roles 🔖 Level:Intermediate

📘 Details & Usage

📖 Example
Her ability to speak three languages fluently is a great asset in our international team. 🔊 Her fluency in three languages is a highly beneficial skill for our global team.
🔗 Collocations
key asset – A particularly important and valuable quality or person.
major asset – A very significant advantage or benefit.
proven asset – A quality or person whose value has been demonstrated.
🔄 Synonyms
strength (n.) – A good or beneficial quality or attribute.
advantage (n.) – A condition giving a greater chance of success.
benefit (n.) – An advantage or profit gained.
🚫 Antonyms
handicap (n.) – A circumstance that makes progress or success difficult.
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