Etymology
The word "assets" comes from the Old French word "assetz," which means "enough." The root of this word is the Latin word "satis," which means "sufficient."
Meaning
Assets are economic resources that have value and can be used to generate income. They can include physical assets, such as land, buildings, and equipment, as well as intangible assets, such as patents, trademarks, and goodwill.
Origin
The concept of assets has been around for centuries. In the early days of accounting, assets were simply defined as anything that had value. Over time, the definition of assets has been refined to include only those resources that can be used to generate income.
Today, assets are an essential part of any business. They represent the resources that a business has available to it to generate profits. Assets can be used to purchase new equipment, expand into new markets, or invest in new products.
Etymology French asset Old French assez enough sufficient Latin ad satis t
Etymology The word assets comes from the Old French word assetz which means enough
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