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Assets vs Wealth - What's the difference?

assets | wealth |

As nouns the difference between assets and wealth

is that assets is while wealth is (obsolete) weal; welfare; prosperity; good; well-being; happiness; joy.

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.

    • wealth

    English

    (wikipedia wealth)

    Alternative forms

    * wealthe, welth, welthe (all obsolete)

    Noun

    (-)
  • (obsolete) Weal; welfare; prosperity; good; well-being; happiness; joy.
  • Riches; valuable material possessions.
  • A great amount; an abundance or plenty.
    • She brings a wealth of knowledge to the project.

    Synonyms

    * See also

    Derived terms

    * wealthy

    External links

    * *