Assets
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Revision as of 23:03, 6 October 2021 by BiblePortalWiki (talk | contribs) (Created page with "Assets <ref name="term_89461" /> <p> (1): </p> <p> (n. pl.) The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant...")
Assets [1]
(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.
