toxic assets

Paper purchases made by banks that turn out to have little or no real value.

AIG bank failed because they had 50 billion dollars worth of toxic assets

by f0rTyLeGz January 17, 2009

liquid assets

Any type of alcohol (especially beer and liquor). This term is typically used in social contexts--but definitely not at a highbrow cocktail party. Use this term when you don't want to be blatant about your alcohol consumption (in front of parents, grown-ups, etc) or when you just want to sound fratty.

Teenage kid #1: Hey, dude, are we set for the party tonight?
Kid #2: Yeah, don't worry. My big brother already picked up the liquid assets for us.
Kid #1: Sweet. Thanks.

by urbanite2 May 31, 2010

assne

acne on your ass usually on volleyball players due to profusive sweating on the ass from wearing tight spandex while exercising

Damn, check out that assne on that volleyball player.

by Sarawrrr November 22, 2006

assneck

a complete dumbass.

You are a fucking assneck.

by Frank May 22, 2003

assetato

it means that you have a potato in your ass that was just pulled out

yo man check this assetato out i got it from your mom

by m0n3ym1k3y October 28, 2006

assne

Acne on your ass.

I changed my laundry detergent and it gave me a terrible case of assne.

by Karri Hill May 17, 2007

assnitz

an individual which spouts unnecessary chatter from their mouth that is better suited for their rectum

Jason needes to stop talking. He's really becoming an assnitz.

by Kaptn Eric of the Hobby Land May 18, 2005