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Privilege vs Assets - What's the difference?

privilege | assets |

As nouns the difference between privilege and assets

is that privilege is while assets is .

privilege

English

(Webster 1913) (wikipedia privilege)

Alternative forms

* priviledg (obsolete) * priviledge (obsolete)

Noun

(en noun)
  • A peculiar benefit, advantage, or favor; a right or immunity not enjoyed by others or by all; special enjoyment of a good, or exemption from an evil or burden; a prerogative; advantage; franchise; preferential treatment.
    • All first-year professors here must teach four courses a term, yet you're only teaching one! What entitled you to such a privilege ?
  • The status or existence of such benefit or advantage.
    • In order to advance racial equality in the United States, what we've got to do is reduce white privilege .
  • (legal) A common law doctrine that protects certain communications from being used as evidence in court.
    • ''Your honor, my client is not required to answer that; her response is protected by attorney-client privilege .
  • (finance) A call, put, spread, or other option.
  • (computing) An ability to perform an action on the system that can be selectively granted or denied to users; permission.

    • Synonyms

    * prerogative, immunity, freelage, franchise, right, claim, liberty, advantage, foredeal

    Derived terms

    * cisprivilege

    Verb

    (privileg)
  • (archaic) To grant some particular right or exemption to; to invest with a peculiar right or immunity; to authorize; as, to privilege representatives from arrest.
  • (archaic) To bring or put into a condition of privilege or exemption from evil or danger; to exempt; to deliver.

    • Related terms

    * allege ----

    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.