noun · neutral
asset
/ˈæsɛt/AS·set
Band 7+task1task2
something valuable owned by a person or company, such as money, buildings, or equipment.
Examples
“The company's assets include several office buildings and a fleet of vehicles.”
“Education is often considered a personal asset that increases lifetime earnings.”
“Current assets like cash and inventory are important for short-term stability.”
Band 8 sentence
“Diversifying assets across different sectors can help a firm reduce risk while maintaining long-term growth potential.”
Collocations
- current assets
- fixed assets
- valuable asset
Word family
asset nounassets noun (plural)assetless adjective
Common mistakes
much asset→many assets
asset of company→company's assets
Say it for a higher band
5property→6resource→7+asset
Synonyms
property
resource
Easily confused
capital
“The company's capital was invested in new machinery.”
Related words
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In Shopping & Money
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