Webster
KJV
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It is not only important, but, in a degree necessary, that the people of this country, should have an American Dictionary of the English language; for, although the body of the language is the same as in England, and it is desirable to perpetuate that sameness, yet some differences must exist. Language is the expression of ideas; and if the people of one country cannot preserve an identity of ideas, they cannot retain an identity of language. |
ASSETS', n. plu. [L. sat, satis, enough.]
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.
Story. Blackstone.
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.
* In balancing accounts the assets are put on the Cr. side and the debts on the Dr. side. | ||||||||