How do you spell Assets
Available Definitions:
1) n. pl. - Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend.
2) n. pl. - Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.
3) n. pl. - The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities.
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