Asset Definition–noun | 1. | a useful and desirable thing or quality: Organizational ability is an asset. | | 2. | a single item of ownership having exchange value. | | 3. | assets, | a. | items of ownership convertible into cash; total resources of a person or business, as cash, notes and accounts receivable, securities, inventories, goodwill, fixtures, machinery, or real estate (opposed to liabilities ). | | b. | Accounting. the items detailed on a balance sheet, esp. in relation to liabilities and capital. | | c. | all property available for the payment of debts, esp. of a bankrupt or insolvent firm or person. | | d. | Law. property in the hands of an heir, executor, or administra
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tor, that is sufficient to pay the debts or legacies of a deceased person. | | |
From Dictionary Protection Definition–noun | 1. | the act of protecting or the state of being protected; preservation from injury or harm. | | 2. | a thing, person, or group that protects: This vaccine is a protection against disease. | | 5. | Informal. | a. | money paid to racketeers for a guarantee against threatened violence. | | b. | bribe money paid to the police, politicians, or other authorities for overlooking criminal activity. | | | 7. | a document that assures safety from harm, delay, or the like, for the person, persons, or property specified in it. | | 8. | Archaic<
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/span>. a document given by the U.S. customs authorities to a sailor traveling abroad certifying that the holder is a citizen of the U.S. | |
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