asset

Vocabulary Word

Definition

An 'asset' refers to resources or valuable items owned by a person or business. These can be physical assets like buildings or intangible ones like patents or trademarks.

Examples in Different Contexts

In the creative world, an artist's unique style or a writer's original manuscripts can be deemed assets. An editor might suggest, 'This author's distinctive voice is a true asset to our publication.'

Practice Scenarios

Academics

Scenario:

Our university is ranked among the top for research output. The level of expertise makes us a top choice for students.

Response:

Unquestionably. Our robust research findings serve as key assets in putting us at the forefront of academia.

Business

Scenario:

Our company is in a healthier financial state compared to last year. The improved profitability stems from the augmented value of our resources.

Response:

Yes, by investing in real estate, we've been able to increase the value of our assets significantly.