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Law · Commercial Law

Asset

Noun
US US ˈæsɛt GB UK ˈæsɛt
Law Commercial Law intermediate

Definition

Property or claim with economic value.

Visual Reference

Asset illustration

Detailed Explanation

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Example

Assets listed on balance sheet. Include cash, property, and receivables.

Video Explanation

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Word Usage

Asset is used by legal professionals.

Law Commercial Law

Use Case

Asset applies in legal contexts.

Also Known As

general lawasset

Relevant Case Laws

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