ASSETS

n. (Accounting) entries on a balance sheet showing tangible and intangible properties and claims against others that can be applied to cover the financial obligations of a business or of a person; complete property that a person owns

n. something of value (property, goods, etc.); desirable item or quality, something beneficial

In business and accounting by asset is meant probable future economic benefits controlled by an entity as a result of past transactions or events and from which future economic benefits may be obtained.
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The Association of Supervisory Staff, Executives and Technicians (ASSET), was a British trade union, chiefly representing supervisors in the metal working and transport industries. It was formed from the National Foremen's Association, founded in 1918.In 1929 the National Foremen's Association merged with the Amalgamated Managers' and Foremen's Association, which was active in the mining industry. In 1942 the union changed its name to the Association of Supervisory Staff and Engineering Technicians and in 1946 it changed again to the Association of Supervisory Staff, Executives and Technicians.
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Noun
1. anything of material value or usefulness
(antonym) liabilities
(hypernym) possession
(hyponym) share, portion, part, percentage

Noun
1. a useful or valuable quality
(synonym) plus
(antonym) liability
(hypernym) quality
(hyponym) resource

(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.
  

(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.
  

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

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