Thanks for using this online dictionary, we have been helping millions of people improve their use of the english language with its free online services. English definition of assets is as below...

Assets :: Assets (n. pl.) 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..

Rest :: Rest (n.) A surplus held as a reserved fund by a bank to equalize its dividends, etc.; in the Bank of England, the balance of assets above liabilities..

Devastavit :: Devastavit (n.) Waste or misapplication of the assets of a deceased person by an executor or an administrator.

Brassets :: Brassets (n.) See Brassart.

Discovery :: Discovery (n.) A making known; revelation; disclosure; as, a bankrupt is bound to make a full discovery of his assets..

Basset :: Basset (v. i.) To inclined upward so as to appear at the surface; to crop out; as, a vein of coal bassets..

Assets :: Assets (n. pl.) The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities..

Assets :: Assets (n. pl.) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts..

Liquidate :: Liquidate (v. t.) In an extended sense: To ascertain the amount, or the several amounts, of , and apply assets toward the discharge of (an indebtedness)..

Asset :: Asset (n.) Any article or separable part of one's assets.

Abate :: Abate (v. t.) To diminish; to reduce. Legacies are liable to be abated entirely or in proportion, upon a deficiency of assets..

Liability :: Liability (n.) the sum of one's pecuniary obligations; -- opposed to assets.

Dividend :: Dividend (n.) A sum of money to be divided and distributed; the share of a sum divided that falls to each individual; a distribute sum, share, or percentage; -- applied to the profits as appropriated among shareholders, and to assets as apportioned among creditors; as, the dividend of a bank, a railway corporation, or a bankrupt estate..

Equitable :: Equitable (a.) That can be sustained or made available or effective in a court of equity, or upon principles of equity jurisprudence; as, an equitable estate; equitable assets, assignment, mortgage, etc..

Legal :: Legal (a.) Governed by the rules of law as distinguished from the rules of equity; as, legal estate; legal assets..

Realize :: Realize (v. t.) To convert into actual money; as, to realize assets..

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