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IELTS word

asset

/ˈæset/noun

English definition

something valuable that a person or business owns

Common phrases / collocations

  1. valuable asset
  2. business asset
  3. fixed asset

Example sentences

  1. 1.

    The delivery van was a valuable asset to the business.

  2. 2.

    The company sold an unused asset.

  3. 3.

    The building is the firm’s largest asset.

Visual learning

See the meaning

A small business owner inspects a useful delivery van parked beside the company warehouse.
something valuable that a person or business owns
1business owns van
2van helps the business
business owns van→van helps the business