Meaning of Assets | Babel Free

Definitions

1. Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
   plural, plural-normally
2. The left side of a balance sheet.
   plural, plural-normally
3. 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.
   plural, plural-normally
4. Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
   plural, plural-normally
5. Private parts; a woman's breasts or buttocks, or a man's genitalia.
   plural, plural-normally, slang, vulgar

Equivalents

Examples

“His assets are much greater than his liabilities.”

“The assets must equal liabilities, otherwise there is an error in your balance sheet.”

CEFR level