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From The Collaborative International Dictionary of English v.0.44 [gcide]:
Assets \As"sets\, noun pl. [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. ? enough, Goth. saps full. Cf. {Assai}, {Satisfy}.]
1. (Law) (a) Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. --Story. --Blackstone. (b) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.
2. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to {liabilities}.
Note: In balancing accounts the assets are put on the Cr. side and the debts on the Dr. side.
From WordNet (r) 2.0 [wn]:
assets
noun: anything of material value or usefulness [ant: {liabilities}]
From Moby Thesaurus II by Grady Ward, 1.0 [moby-thes]:
96 Moby Thesaurus words for "assets": Swiss bank account, accounts, accounts payable, accounts receivable, affluence, assessed valuation, assets and liabilities, available means, balance, bank account, bottom dollar, bottomless purse, budget, budgeting, bulging purse, capital, capital goods, capitalization, cash reserves, checking account, circumstances, command of money, costing-out, current assets, deferred assets, easy circumstances, embarras de richesses, exchequer, expenditures, finances, fixed assets, fortune, frozen assets, fund, funds, gold, grist, handsome fortune, high income, high tax bracket, holdings, independence, intangible assets, intangibles, kitty, liabilities, life savings, liquid assets, lucre, luxuriousness, mammon, material assets, material wealth, means, money, money to burn, moneybags, moneys, nest egg, net assets, net worth, opulence, opulency, outstanding accounts, pecuniary resources, pelf, pocket, pool, possessions, property, prosperity, prosperousness, purse, quick assets, receipts, reserves, resource, resources, riches, richness, savings, savings account, six-figure income, stock, stock-in-trade, substance, supply, tangible assets, tangibles, treasure, unpaid accounts, unregistered bank account, upper bracket, wealth, wealthiness, wherewithal
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