(n. pl.) 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.
(n. pl.) Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.
(n. pl.) The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities.
Example Sentences:
(1) A statement from the company said it had assigned all its assets for the benefit of creditors, in accordance with Massachusetts' law.
(2) The surge the prime minister talks about can only be achieved by coordinating assets across 43 forces.
(3) I believe that truth sets man free.” It was a curious stance for someone who spent many years undercover as a counter-espionage informant, a government propagandist, and unofficial asset of the Central Intelligence Agency.
(4) Henderson was given permission to join Fulham when Brendan Rodgers arrived at Anfield in 2012 but has since developed into an important asset for the Liverpool manager, to the extent that the 24-year-old is the leading candidate to succeed Steven Gerrard as club captain when the 34-year-old leaves for LA Galaxy.
(5) Half a million homes were sold in Scotland, we lost a huge, huge chunk of stock, and as house prices began to escalate so any asset to the community has gone.
(6) The Press Association tots up a total of £26bn in asset sales last year – including the state’s Eurostar stake, 30% of the Royal Mail and a slice of Lloyds.
(7) And we will sell those assets that can be managed better by the private sector.
(8) If you get a fit Diaby back, it will be a major asset for our team.
(9) Unfortunately, it probably won’t happen with many countries … But if we can have a great relationship with Russia, and China, and all countries, I’m all for that, that would be a tremendous asset.
(10) Glencore has responded in textbook fashion: it has cut operating costs, sold assets and taken the axe to capital investment.
(11) The reputations of companies linked to fossil fuels are at immediate risk from a fast-growing divestment campaign, one of Europe’s biggest asset managers has warned.
(12) But the full detail of the report and the scale of their assets is striking.
(13) Above all, Addis could help close tax loopholes that allow multinational companies to report profits in tax havens – rather than where their workforces, assets or sales are.
(14) The Ministry of Defence has said it is “planning for a seamless transition of assets”.
(15) The decision to split up News Corp followed the News of the World phone-hacking scandal, which focused the attention of investors on the company's newspaper assets, which are far less profitable than its film and TV businesses.
(16) Declarations are not public and the New York Times said four-fifths of the assets it found were held by relatives not covered by party rules, including his mother and various in-laws.
(17) Work with colleagues to retrieve, centrally store, check permissions and give new life to these assets.
(18) A trained economist, Klatten is Germany's richest woman with assets worth $14.3bn (and 58th richest in the world).
(19) He’s struck a few chords with the immigration stuff, and he’s managed to capture the most valuable asset in a campaign, which is the attention of the press.
(20) Whether divorce interrupts the savings process or destroys assets, it is unlikely that most individuals will be able to save enough in later life to overcome the loss.
Insolvency
Definition:
(n.) The condition of being insolvent; the state or condition of a person who is insolvent; the condition of one who is unable to pay his debts as they fall due, or in the usual course of trade and business; as, a merchant's insolvency.
(n.) Insufficiency to discharge all debts of the owner; as, the insolvency of an estate.
Example Sentences:
(1) The GMB union said that there was a risk that vulnerable people could be made homeless, but in the event of insolvency, Southern Cross's 31,000 homes would be run by local authorities or landlords on behalf of an administrator.
(2) Slowing growth, financial fragility, governments teetering on the brink of insolvency and default, and clear signs of a public backlash against the excesses of the rich and powerful: all have created a sombre backdrop to the invitation-only affair.
(3) The boys attempted to solve two different sets of 10 find-a-word puzzles, one set following exposure to solvable puzzles, and one set following exposure to insolvable puzzles.
(4) The number of people in England and Wales entering insolvency fell in the first three months of 2012, but debt charities warned the figures represented "the tip of the iceberg" of the UK's debt problems.
(5) But the insolvency profession trade body, R3, blamed the Insolvency Service for not providing clear guidelines on how to complete the SIP 16 forms and said the changes could drive up costs.
(6) Six months later, Greece is in effect insolvent, on the brink of the common currency's first case of sovereign debt default unless it is bailed out.
(7) At that point the Bank regarded the problem as one of liquidity – a lack of cash flow – rather than the risk of insolvency.
(8) "When the economy finally does improve, the number of corporate insolvencies will continue to rise, even if at a slower rate, due to a lag effect.
(9) As a result, and regardless of how the charity is established, trustees can attract personal liability for the debts or losses of the charity where that charity finds itself in an insolvent situation.
(10) • IVAs can only be drawn up and presented to creditors by a licensed insolvency practitioner.
(11) We examined the effects of methylphenidate on the task persistence of 21 boys with attention-deficit hyperactivity disorder (ADHD), after they had been exposed to both solvable and insolvable problems.
(12) She said the company's directors could not be held liable as they step aside during the insolvency process.
(13) A charity will be considered to be insolvent when it is unable to pay its debts as they fall due.
(14) The chancellor, Alistair Darling, told MPs yesterday that the ailing mutual, the UK's 12th largest, was close to insolvency.
(15) The onerous terms of the deeply unpopular “memoranda”, agreed with foreign lenders to keep insolvent Greece afloat, would be overturned.
(16) If a bank becomes insolvent the Financial Services Compensation Scheme (FSCS) steps in.
(17) An insolvency specialist today warned of a "deluge" of business failures next year, saying the UK is in the mid-point of a W-shaped recession.
(18) Merkel has become increasingly isolated in the last fortnight over Germany's insistence that Greece's private creditors – the banks, pension funds and insurance companies holding much of the insolvent country's €340bn of debt – have to take "haircuts" or sizeable losses on their investments as part of this second deal to rescue Greece.
(19) SWANSEA CITY Accounts for the year to 31 May 2014 Ownership Martin Morgan, 23.7%; Brian Katzen, 21.1%; Swansea City Supporters Society Limited (supporters trust) 21.1%; chairman Huw Jenkins 13.2%; Robert Davies 10.5% Turnover 13th highest, £99m (up from £67m in 2013) Match income £9m Media £81m Commercial and other £9m Wage bill Joint 14th highest, £63m (up from £49m in 2013) Wages as proportion of turnover 64% Profit before tax £1m (down from £21m in 2013) Net debt Nil; £2m cash in the bank Interest payable £0.015m Highest-paid director Huw Jenkins, £550,000 State they’re in The Swans’ epic paddle from bottom division and insolvency to Premier League and new stadium owned by a consortium of fan-businessmen, including 20% held by the supporters trust, was committed to documentary with A Jack to a King.
(20) The engineering company UGL agreed to pay Leung £4m in relation to its acquisition of DTZ Holdings, an insolvent property services firm that had employed Leung as its Asia Pacific director before he took office, Melbourne-based The Age reported on Wednesday .