Assetless


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

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.

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

see assets.

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

Note: Commonly, the term denotes anything of value.

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  • Assets

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

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