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Asset
ASSETReal orpersonal property, whether tangible or intangible, that has financial value and can be used for the payment of its owner's debts. An accrued asset is one that arises from revenue earned but not yet due. For example, an accrued dividend is a share of the net earnings of a corporation that has been declared but has not yet been paid out to its shareholder(s). In bankruptcy, an asset is any form of property owned by a debtor who is insolvent that is not exempt from being used to repay debts. For income tax purposes, a capital asset is property held by a taxpayer for personal enjoyment or investment, such as a home, furniture, stocks and bonds, or an automobile, but does not include inventory, commercial accounts, and notes receivable, depreciable property, commercial property, copyrights, and short-term government obligations. When a capital asset is sold, any gain received is given preferential tax treatment. A current, liquid, or quick asset is an item that can be readily converted to cash, such as stocks and bonds. A fixed asset is one of a permanent or longterm nature used in the operation of a business and not intended for sale. A frozen asset is one that cannot be easily converted into cash, such as real estate when there is no market, or that cannot be used because of a legal restriction, such as a spend-thrift trust. An intangible asset is one to which an arbitrary dollar value is attached because it has no intrinsic market value but represents financial value, such as the good will of a business, trademarks, or patents. |
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"Asset." West's Encyclopedia of American Law. 2005. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "Asset." West's Encyclopedia of American Law. 2005. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1G2-3437700372.html "Asset." West's Encyclopedia of American Law. 2005. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1G2-3437700372.html |
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asset
as·set / ˈaset/ • n. a useful or valuable thing, person, or quality: the school is an asset to the community. ∎ (usu. assets) property owned by a person or company, regarded as having value and available to meet debts, commitments, or legacies: growth in net assets. ∎ (assets) military equipment, such as planes, ships, communications and radar installations, employed or targeted in military operations. |
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"asset." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "asset." The Oxford Pocket Dictionary of Current English. 2009. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O999-asset.html "asset." The Oxford Pocket Dictionary of Current English. 2009. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O999-asset.html |
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asset
asset Anything owned by a person or a company that has a money value. Current assets can be easily liquidated to produce their cash value. Fixed assets include buildings, machinery, and land. Goodwill and patents are intangible assets because they have potential, rather than actual, money value. Asset stripping is the practice of taking over a business and selling off its assets.
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"asset." World Encyclopedia. 2005. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "asset." World Encyclopedia. 2005. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O142-asset.html "asset." World Encyclopedia. 2005. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O142-asset.html |
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asset
asset n.any piece of materiel that can be deployed advantageously against an enemy, or if belonging to an enemy, whose destruction will result in an advantage.
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"asset." The Oxford Essential Dictionary of the U.S. Military. 2001. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "asset." The Oxford Essential Dictionary of the U.S. Military. 2001. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O63-asset.html "asset." The Oxford Essential Dictionary of the U.S. Military. 2001. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O63-asset.html |
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asset
asset
•dragnet • Fastnet • telnet • hairnet
•keepnet • driftnet • fishnet • jaconet
•alkanet • Intranet • Ethernet
•aigrette • asset • handset • headset
•hic jacet, placet
•preset, teaset
•filmset
•inset, twinset
•videlicet • scilicet • mindset • typeset
•offset • onset • outset • photoset
•moonset • subset • sunset • upset
•Somerset • Exocet • avocet
•trebuchet • epithet • Tevet
•marmoset
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"asset." Oxford Dictionary of Rhymes. 2007. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. "asset." Oxford Dictionary of Rhymes. 2007. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O233-asset.html "asset." Oxford Dictionary of Rhymes. 2007. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O233-asset.html |
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ASSET
ASSET (ˈæsɛt) US Air Force aerothermodynamic-elastic structural systems environmental tests
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Cite this article
FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "ASSET." The Oxford Dictionary of Abbreviations. 1998. Encyclopedia.com. 1 Jun. 2012 <http://www.encyclopedia.com>. FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "ASSET." The Oxford Dictionary of Abbreviations. 1998. Encyclopedia.com. (June 1, 2012). http://www.encyclopedia.com/doc/1O25-ASSET.html FRAN ALEXANDER , PETER BLAIR , JOHN DAINTITH , ALICE GRANDISON , VALERIE ILLINGWORTH , ELIZABETH MARTIN , ANNE STIBBS , JUDY PEARSALL , and SARA TULLOCH. "ASSET." The Oxford Dictionary of Abbreviations. 1998. Retrieved June 01, 2012 from Encyclopedia.com: http://www.encyclopedia.com/doc/1O25-ASSET.html |
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