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Assets vs Profits - What's the difference?

assets | profits |

As nouns the difference between assets and profits

is that assets is while profits is .

assets

English

Noun

(head)
  • English plurals
  • (finance) Any property or object of value that one possesses, usually considered as applicable to the payment of one's debts.
    • His assets are much greater than his liabilities.
  • (legal) 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.

    • profits

    English

    Noun

    (head)
  • (plurale tantum) Collective form of profit.

    • Verb

    (head)
  • (profit)
    • ----