Definition, Meaning & Synonyms

principal-asset

noun

/ˈprɪn.sə.pəl ˈæs.et/

Definition

The main resource or property owned by an individual or an organization that is essential to its operations or value.

Examples

Real estate is often considered a principal asset for many investors.
For the company, its technological patents are its principal assets.
While many items were valuable, the principal asset was the artwork that hung in the living room.

Meaning

A principal asset refers to the most significant asset that is integral to a person or business, typically contributing the most to their financial standing or functionality.