assets
/ˈæsɛts/ noun C1- Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts. · His assets are much greater than his liabilities.
- The left side of a balance sheet. · The assets must equal liabilities, otherwise there is an error in your balance sheet.
- 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 properly available for the payment of a bankrupt's or a deceased person's obligations or debts.
- Private parts; a woman's breasts or buttocks, or a man's genitalia.
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