Assetless


a useful and desirable thing or quality:
organizational ability is an -sset.
a single item of ownership having exchange value.
-ssets.

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 -sset see also -ssets
n.

see -ssets.

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

note: commonly, the term denotes anything of value.

Read Also:

  • Asset-stripping

    noun (commerce) the practice of taking over a failing company at a low price and then selling the -ssets piecemeal before closing the company down noun the practice of buying a failing company,then selling its -ssets for a profit examples -sset-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 -sset. a single item of ownership having exchange value. -ssets. 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 -sseverate, 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 -sseverate any more, nor even say she was […]

  • Asseveration

    the act of . an emphatic -ssertion. historical examples finally through the mist he heard the -sseveration 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 -sseveration. april’s lady margaret […]

  • Assfuck

    -ssf-ck noun an act of -n-l intercourse verb to do -n-l intercourse; b-gg-r, bunghole


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