asset

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♦♦ as|set /'æset/ (assets)
1 [N-COUNT]
Something or someone that is an asset is considered useful or helps a person or organization to be successful.
Her leadership qualities were the greatest asset of the Conservative Party...
2 [N-PLURAL]
The assets of a company or a person are all the things that they own. (BUSINESS)
By the end of 1989 the group had assets of 3.5 billion francs.fixed as|set (fixed assets)
[N-COUNT]
Fixed assets are assets which a company uses on a continuous basis, such as property and machinery. (BUSINESS)
Investment in fixed assets is an important vehicle for ensuring that the latest technology is available to business.

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allowance

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