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Featured Word B1

assets (noun)

Assets are items of value that a person, company, or country owns and can use to generate profit or cover debts. They can be tangible, such as buildings and machinery, or intangible, such as brand reputation and intellectual property.

💡 Memory Tip

Think of 'A Set' of things. If you have 'A Set' of valuable things, you have 'Assets'.

🏛️ Origin

⚠️ Common Mistakes

Using 'asset' for income. → I have a high income.

Saying 'asset of the team'. → He is an asset to the team.

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