Meaning of asset In English

• 0 a useful or valuable quality, skill, or person:

  • He'll be a great asset to the team.

  • Her eyes are her best asset (= most attractive feature).

  • Knowledge of languages is a real asset in this sort of work.

  • A company's assets can consist of cash, investments, specialist knowledge, or copyright material.

  • liquid assets (= money or things that can easily be changed into money)

• 1 something having value, such as a possession or property, that is owned by a person, business, or organization

  • Her knowledge of Spanish and French is a real asset in her work.

• 2 something that is owned by a person, company, or organization, such as money, property, or land:

  • The company reported total assets worth $1.9 million.

  • have/hold/own assets You can hold assets offshore, such as bank accounts or property.

  • acquire/buy/increase assets The parties will decide whether to buy assets or shares.

  • dispose of/reduce/sell assets The company's board could dispose of assets once they decide to sell the company.

  • freeze/release/unfreeze assets The courts can order a financial institution to freeze assets.

  • record/show sth as an asset This figure will need to be shown in the accounts as an asset.

  • the sale/disposal/transfer of assets

• 3 a person or thing that is very useful or valuable:

  • be an asset to sb/sth Thank you for your contribution - you are an asset to the company.

  • great/important/valuable asset Our customer service team is our most important asset.