Reading Theme:
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.
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.
📘 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
🚫 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.
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.
📘 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
🚫 Antonyms
handicap (n.) – A circumstance that makes progress or success difficult.
Wordbook
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