- assets
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I
noun
available means, belongings, bona, capital, chattels, effects, estate, funds, goods, holdings, inventories, money, pecuniary resources, personal effects, personal resources, possessions, principal, property, reserves, resources, riches, valuables, wealth, wherewithal
associated concepts: assets of a trust corpus, assets of an estate, capital assets, concealment of assets, contingent assets, corporation's assets, depletion of assets, disposal of assets, equitable assets, fixed assets, foreign assets, fraudulent transfer of assets, liquid assets, partnership assets, personal assets, real assets, sale of assets, testamentary assets
II
index
capital, commodities, effects, estate (property), fund, goods, interest (ownership), means (funds), merchandise, money, paraphernalia (personal belongings), personalty, possessions, principal (capital sum), property (possessions), reserve, securities, security (stock), stock (shares), store (depository), substance (material possessions)
Burton's Legal Thesaurus. William C. Burton. 2006
- assets
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1. property available for the payment of debts of a person or company in the event of insolvency or, in the case of a person, on death. Such property includes real estate and personal estate and property over which a person has a general power of appointment.2. within the context of company and business accounts assets may be categorised as fixed assets or current assets. Fixed assets are those acquired with the intention that they should be held and used without change over a long period for the purpose of earning income. Fixed assets may comprise tangible assets (such as buildings, plant and machinery), fixed intangible assets (such as goodwill) and deferred assets (such as long-term loans). Current assets comprise liquid assets (cash or property that can quickly be converted into cash with little or no risk of loss) and circulating assets (goods and rights acquired in the ordinary course of business with the intention that they be held temporarily until resale). Also within the category of current assets are prepaid expenses and accrued revenue. Company accounts are required to differentiate between fixed and current assets (Companies Act 1985, Schedule 4).
Collins dictionary of law. W. J. Stewart. 2001.
