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Assets 1

Definition: 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.

Assets 2

Definition: Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.

Assets 3

Definition: 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.

assets 4

Definition: anything of material value or usefulness

 

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