asset
Meaning
An asset is a valuable resource owned by an individual or organization that can be used to generate income or provide future economic benefits.
💡 A common mistake is to confuse "asset" with "liability," which refers to obligations or debts.
Example Sentences
Word in Context
Sarah
runs
a
small
caf
é
in
her
neighborhood
and
she
tries
to
keep
costs
low
.
Her
old
coffee
machine
is
an
asset
because
it
still
makes
good
drinks
and
saves
her
money
on
repairs
.
She
has
been
looking
for
ways
to
improve
customer
service
,
so
she
started
offering
free
Wi
‑
Fi
and
a
loyalty
card
.
Although
the
rent
is
high
,
regular
customers
visit
often
and
recommend
the
caf
é
to
their
friends
.
As
a
result
,
her
business
feels
more
stable
and
she
plans
to
invest
some
profits
in
a
new
oven
next
month
.
Common Phrases
financial asset
tangible asset
intangible asset
Antonyms
Related Words
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