Legal Definition of asset
- [usu. in pl.] Property and possessions, esp. that can be set against debts etc.
Definition of asset
From Anglo-Norman asetz, from Old French assez "enough".
asset (plural assets)
- Something or someone of any value; any portion of one's property or effects so considered.
These shares are a valuable asset.
- (software) Any component, model, process or framework of value that can be leveraged or reused.
- Alphagram: aesst
- Tessa, TESSA
- Wiktionary. Published under the Creative Commons Attribution/Share-Alike License.
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