assets

Vocabulary Word

Definition

'Assets' are resources or things that you own and have economic value. In other words, these are things that can bring money or other benefits to you in the future.

Examples in Different Contexts

In film production, 'assets' encompass scripts, actors, equipment, and more. A film director might state, 'Securing high-quality assets is fundamental for producing a successful film.'

Practice Scenarios

Academics

Scenario:

We need to think about directing more funding towards our research centers. It is essential to strengthen our academic programs.

Response:

Right, boosting our academic assets should be a key focus. Increasing funding for research will yield long-term benefits.

Business

Scenario:

Our balance sheet needs to reflect a more accurate representation of our finances. Perhaps we should take a second look at our inventory management methods.

Response:

Yes, taking stock of our assets and improving inventory methods would allow us to optimize our balance sheet.