Something or someone of any value; any portion of one's property or effects so considered.
"After reviewing his finances, he realized that his collection of vintage stamps was a valuable asset worth far more than he initially thought."
In plain English: An asset is anything you own that has value and can help you make money.
"The company considers its talented team to be its greatest asset."
Usage: Use "asset" to describe a person, thing, or quality that provides value or advantage in a specific situation. It often refers to tangible property like real estate but also applies to intangible traits such as skills or experience.
Initialism of Association of Supervisory Staffs, Executives and Technicians.
"During the union negotiations, management insisted that ASSET representatives attend every meeting to ensure their concerns were heard."
The word asset is a back-formation created by removing the plural suffix from assets. It ultimately traces its roots to the Old French phrase assez, meaning "enough."