B2noun1K

Asset

UK /["/ˈæset/"]/US /["/ˈæset/"]/

Definition

a person or thing that is valuable or useful to somebody/something

In simple words: Something valuable that you own.

Examples

  • The company increased its value through the acquisition of new assets.
  • Real estate is considered a valuable asset for long-term investment.
  • In the game, having a diverse set of assets can lead to a better strategy.
  • Her ability to communicate effectively is a significant asset in her career.
  • Time is one of the most important assets we have in life.
  • In finance, assets include anything of value that can be owned.
  • The startup's greatest asset is its innovative team.
  • Some assets can depreciate in value over time, like vehicles.

Usage notes

Used in both formal and informal settings. In finance, 'asset' refers to valuable items like cash, property, or investments. Avoid using it when referring to personal possessions that are not valuable.

Grammar pattern

asset + object

Memory hint

Think of 'asset' as 'a-sit' on something valuable that supports you.

Collocations

  • big
  • considerable
  • great
  • asset to
  • combined
  • total
  • gross
  • have
  • hold
  • own
  • be worth something
  • appreciate
  • grow
  • price
  • value
  • management
  • assets and liabilities

Synonyms

  • resource
  • property
  • holding
  • capital
  • equity

Antonyms

  • liability
  • debt
  • burden

Common mistakes

  • Confused with 'liability' — an asset is something valuable, a liability is something you owe.
  • Using in singular when plural is needed — often referred to in plural as 'assets' in business contexts.
  • Mispronouncing, often saying 'as-set' instead of 'as-et'.