Property of a deceased person, subject by law to the payment of his debts and legacies; - - called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend.
- Plural form of asset.
- Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
- Sufficient estate; property sufficient in the hands of an executor or heir to pay the debts or legacies of the testator or ancestor to satisfy claims against it.
- Any goods or property properly available for the payment of a bankrupt's or a deceased person's obligations or debts.