Skip to main content

The Assets

The Assets are items of value owned by an individual or entity, which can be tangible (like cash, property, or equipment) or intangible (like patents, trademarks, or reputation). They can be further categorized as current (expected to be converted to cash within one year) or fixed/non-current (used for longer-term purposes). Assets are a fundamental part of financial statements, representing resources that can generate future economic benefits.
The Assets by BackpackBryce2011 November 1, 2025
The Assets mug front
Get the The Assets mug.
See more merch

liquidate the assets 

When you've been backed up for several days and you have to resort to some sort of magnesium or saline laxative, or enema, to take care of business.
Oh man, I've been backed up for several days now, I think it's time to liquidate the assets!
liquidate the assets by Mr. Quackens February 26, 2017

Ditch the Ass, Sieze the Assets 

A womens plan when divorcing a man. Usually a man who had it coming.
You: Hows your husband?

Friend: Oh that jackass? I'm divorcing him.

You: Yea ditch the ass, sieze the assets.

Baddest of the asses 

When just a 'badass' isn't enough. Applicable for anything or anyone
Bill: Yo! I've been to this pub close by. It's so badass.
Phil: Yeah, I've been there too. It's baddest of the asses bro!!

Assess the situation 

That guy is talking to bae! Aight bruh, I'm bouta assess the situation.
Assess the situation by Noah Rouse January 27, 2016