Meaning

noun anything of material value or usefulness that is owned by a person or company

noun a useful or valuable quality

originEtymology tree Proto-Indo-European *h₂éd Proto-Italic *ad Early Medieval Latin ad Proto-Indo-European *seh₂-der. Early Medieval Latin satis Early Medieval Latin ad satis Old French asez Anglo-Norman asetzder. English assets From Anglo-Norman asetz, from Old French assez (“enough”). Originally singular, with the meaning "enough to meet liabilities"; later reanalyzed as a plural form.

Etymology from Wiktionary, CC BY-SA 3.0