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Asset Definition & Meaning Dictionary.com
Web1 assets plural a : the property of a deceased person subject by law to the payment of his or her debts and legacies b : the entire property of a person, association, corporation, or … WebAug 4, 2024 · What Is an Asset Protection Trust? Asset protection trusts differ from other types of trusts in that they have a specific function: shielding assets against creditors. If you were creating a trust to pass on assets to your spouse, children or other beneficiaries, you might set up a revocable living trust.This way, you’d still have the ability to add or remove … Webasset noun (IN BUSINESS) C1 [ C usually plural ] something valuable belonging to a person or organization that can be used for the payment of debts: liquid asset A lot of his wealth … safety at work quotes