Assets

1. 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.
2. 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.
3. n. pl. Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.

The word meanings were obtained from OPTED(The Online Plain Text English Dictionary), which is based on “The Project Gutenberg Etext of Webster’s Unabridged Dictionary” which is in turn based on the 1913 US Webster’s Unabridged Dictionary (See Project Gutenburg), as a text file.