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.

Noun

(en noun)

Something given in exchange for goods or services rendered.

* {{quote-book

, year=1885) , author=H. Rider Haggard , title=King Solomon's Mines , chapter=2 citation , passage=“Mr. Quatermain,” said the former, “I am well off, and I am bent upon this business. You may put the remuneration for your services at whatever figure you like in reason, and it shall be paid over to you before we start. Moreover, I will arrange in the event of anything untoward happening to us or to you, that your son shall be suitably provided for. You will see from this offer how necessary I think your presence. Also if by chance we should reach this place, and find diamonds, they shall belong to you and Good equally. I do not want them. But of course that promise is worth nothing at all, though the same thing would apply to any ivory we might get. You may pretty well make your own terms with me, Mr. Quatermain; and of course I shall pay all expenses.”}}

A payment for work done; wages, salary, emolument.

A recompense for a loss; compensation.