as ‧ set /ˈæset/ BrE AmE noun [countable]
[ Date: 1800-1900 ; Origin: assets (singular) 'enough money to pay debts' (16-19 centuries) , from Anglo-French asetz , from Old French assez 'enough' ]
1 . [usually plural] the things that a company owns, that can be sold to pay debts
in assets
a corporation with $9 billion in assets
the value of a company’s assets
2 . [usually singular] something or someone that is useful because they help you succeed or deal with problems OPP liability :
A sense of humor is a great asset in this business.
be an asset to somebody/something
I think Rachel would be an asset to the department.
⇨ ↑ fixed assets , ↑ liquid assets