The Probert Encyclopaedia of Money

ASSETS

Assets (from the French, assez, enough), are property or goods available for the payment of a bankrupt or deceased person's obligations. Assets are personal or real, the former comprising all goods, chattels, etc, devolving upon the executor as saleable to discharge debts and legacies. In commerce and bankruptcy the term is often used as the anetithesis of liabilities, to designate the stock in trade and entire property of an individual or an association.
Research Assets