fundamentals
asset
Anything of value owned by a person or company that can be converted to cash.
Example
"Her main assets included a house, a car, and a retirement account worth $200,000."
💡 Memory Tip
AS-SET — think of it as something that's 'all set' to provide value.
Etymology
From Old French 'asez' meaning 'enough' — having enough resources to pay debts.
Common Misspellings
assettassestaseetaset