a useful and desirable thing or quality:
Organizational ability is an asset.
a single item of ownership having exchange value.

items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to ).
Accounting. the items detailed on a balance sheet, especially in relation to liabilities and capital.
all property available for the payment of debts, especially of a bankrupt or insolvent firm or person.
Law. property in the hands of an heir, executor, or administrator, that is sufficient to pay the debts or legacies of a deceased person.

Contemporary Examples

Border Patrol agents say that best way to watch the line is by air, but even that asset is wanting here.
U.S. Drug and Immigration Checkpoints Take Toll on Border Towns Andrew Becker, G. W. Schulz June 17, 2013

The collapse in asset values since 2007 has busted the net worth of the median family all the way back down to early 1990s levels.
Two Decades of Prosperity: Gone David Frum June 10, 2012

With Lehman, the asset quality was much worse and the hole much bigger.
The Man Who Saw the Crisis Coming William D. Cohan November 16, 2008

The debt load is so vast that every asset of the club—including its training ground—has been mortgaged.
Manchester United: The Glazer Family’s Bad Play Michael Moritz August 5, 2012

To date, this identity is still a political liability, and in no case has it proven an asset to any elected or appointed official.
Arab Americans Need Political Normalization Hussein Ibish November 11, 2012

Historical Examples

A reporter who could thus cater to the public greed for horrors was an asset to the Cincinnati press.
Lafcadio Hearn Nina H. Kennard

They all of them have to admit that I’m honest—that’s an asset that nobody can dispute.
Mixed Faces Roy Norton

You would wish me to convince you that he is liability rather than an asset.
The Debatable Land Arthur Colton

What however went first of all or rather vanished was nothing in the nature of an asset.
Chance Joseph Conrad

The one by the well-known author has a valuable asset in its creator; the one by the new author has no asset but its own merits.
Skookum Chuck Fables Skookum Chuck (pseud for R.D. Cumming)

anything valuable or useful: experience is their main asset See also assets

see assets.

A possession that can be turned into cash to cover liabilities.

Note: Commonly, the term denotes anything of value.

Asset Source for Software Engineering Technology


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