assets
- Noun. (plural of, asset) .
- Noun. (finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
- Noun. (legal) Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.
- Noun. Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
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This entry was last updated on RefTopia from its source on 3/20/2012.