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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  • Asset-stripping

    noun (commerce) the practice of taking over a failing company at a low price and then selling the assets piecemeal before closing the company down noun the practice of buying a failing company,then selling its assets for a profit Examples Asset-stripping involves selling successful parts of a company such as brand names to make a […]

  • 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 […]



  • Asseverate

    to declare earnestly or solemnly; affirm positively; aver. Historical Examples And I hereby do fully and freely declare and asseverate, that the Woods did not tremble to a kiss, and that the lovers did. Life of Lord Byron, Vol. 6 (of 6) Thomas Moore She did not asseverate any more, nor even say she was […]

  • Asseveration

    the act of . an emphatic assertion. Historical Examples Finally through the mist he heard the asseveration that it must be the work of fox or badger. Bakemono Yashiki (The Haunted House) James S. De Benneville It has not occurred to her that his words are a question rather than an asseveration. April’s Lady Margaret […]



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