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Premises vs Assets - What's the difference?

premises | assets |

As nouns the difference between premises and assets

is that premises is (logic) while assets is .

premises

English

(wikipedia premises)

Alternative forms

* (archaic)

Noun

(en-plural noun)
  • (logic) English plurals
  • (plural only) land, and all the built structures on it, especially when considered as a single place.
  • (legal, plural only) The subject of a conveyance or deed

    • Anagrams

    *

    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.