anything of material value or usefulness that is owned by a person or company
"Before selling the business, they hired an accountant to list all their assets, including cash reserves and real estate properties."
plural of asset
"After losing his job, he realized his home and car were his only assets left to cover the mounting medical bills."
Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
In plain English: Assets are things you own that have value and can help you make money.
"The company's biggest assets are its loyal customers and strong brand reputation."
Usage: In everyday conversation, assets refer to anything valuable you own, such as money, cars, or real estate, that can be used to pay off debts or generate income. Do not confuse this with "assets" in a business context where it specifically means resources contributing to an organization's financial health.
The word assets comes from the Old French term assez, which originally meant "enough." It entered English in the singular sense of having enough resources to cover debts before being reinterpreted as a plural noun.