transcription, транскрипция: [ ˈa-ˌset also ]
-sət noun
Etymology: back-formation from assets, singular, sufficient property to pay debts and legacies, from Anglo-French assetz, from asez enough, from Vulgar Latin * ad satis, from Latin ad to + satis enough — more at at , sad
Date: 1531
1. plural
a. : the property of a deceased person subject by law to the payment of his or her debts and legacies
b. : the entire property of a person, association, corporation, or estate applicable or subject to the payment of debts
2. : advantage , resource
his wit is his chief asset
3.
a. : an item of value owned
b. plural : the items on a balance sheet showing the book value of property owned
4. : something useful in an effort to foil or defeat an enemy: as
a. : a piece of military equipment
b. : spy