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What is the meaning of ASSETS. Phrases containing ASSETS
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What is the meaning of ASSETS. Phrases containing ASSETS
See meanings and uses of ASSETS!ASSETS
ASSETS
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Acronyms & AI meanings
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ASSETS
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n. pl.
Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend.
v. t.
To diminish; to reduce. Legacies are liable to be abated entirely or in proportion, upon a deficiency of assets.
v. t.
To convert into actual money; as, to realize assets.
n.
Any article or separable part of one's assets.
n.
A surplus held as a reserved fund by a bank to equalize its dividends, etc.; in the Bank of England, the balance of assets above liabilities.
v. t.
In an extended sense: To ascertain the amount, or the several amounts, of , and apply assets toward the discharge of (an indebtedness).
n.
A sum of money to be divided and distributed; the share of a sum divided that falls to each individual; a distribute sum, share, or percentage; -- applied to the profits as appropriated among shareholders, and to assets as apportioned among creditors; as, the dividend of a bank, a railway corporation, or a bankrupt estate.
n. pl.
Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.
n.
the sum of one's pecuniary obligations; -- opposed to assets.
a.
That can be sustained or made available or effective in a court of equity, or upon principles of equity jurisprudence; as, an equitable estate; equitable assets, assignment, mortgage, etc.
a.
Governed by the rules of law as distinguished from the rules of equity; as, legal estate; legal assets.
n.
A making known; revelation; disclosure; as, a bankrupt is bound to make a full discovery of his assets.
n. pl.
The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities.
n.
Waste or misapplication of the assets of a deceased person by an executor or an administrator.
ASSETS
ASSETS