In law: 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. Any goods or property or right of action properly available for the payment of a bankrupt's or a deceased person's obligations or debts: generally used to signify resources for the payment of debts, etc.

Property in general; all that one owns, considered as applicable to the payment of his debts: as, his assets are much greater than his liabilities.

Any portion of one's property or effects so considered: as, these shares are a valuable asset.

noun plural. undefined

noun plural. Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend.

noun plural. Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.

noun plural. The entire property of all sorts, belonging to a person, a corporation, or an estate; ; -- opposed to liabilities.

noun. Plural form of asset.

noun. Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.

noun. 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.

noun. anything of material value or usefulness that is owned by a person or company

"The IRS estimates that about $5 trillion in assets is held in tax havens worldwide."