assets (B1)

noun

Pronunciation: /ˈæsɛts/

Definition

All the property and possessions of a particular person, company, or organization, especially those that have value or can be used to pay debts.

Examples

• The bankruptcy court seized the company's assets to pay off its creditors.

• She has significant assets, including a house, a car, and a large investment portfolio.

• It's important to protect your digital assets, such as online accounts and data.

How to Use assets

assets and liabilities (collocation)

The two main categories in a company's balance sheet: what it owns and what it owes. — "The financial report detailed the company's assets and liabilities."

protect assets (collocation)

To take measures to keep assets safe from loss, damage, or theft. — "It is crucial to protect your digital assets from cyber threats."

seize assets (collocation)

To legally take possession of assets, usually due to unpaid debts or illegal activity. — "The government has the power to seize assets obtained through criminal activities."

Synonyms of assets

Words with a similar meaning to assets:

• possessions
• property
• resources
• holdings

Antonyms of assets

Words with the opposite meaning to assets:

• liabilities
• debts

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