English Lexicon

Obsolete Assets

/əbˈsoʊ.lɪt ˈæs.ɛts/
nounCEFR B2 (Upper)Top #1500 frequency
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Comprehensive Definitions & Senses

2 senses
As noun
  1. 1

    Assets that are no longer useful or relevant due to changes in technology, market conditions, or business practices.

    "The company had to write off several obsolete assets that were taking up valuable warehouse space."
  2. 2

    Financial assets that have depreciated in value and are no longer considered beneficial for the organization.

    "Investors were concerned about the impact of obsolete assets on the company's balance sheet."

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Antonyms & Contrasting Words (1)

Linguistic Origin & Historical Etymology

The term 'obsolete' originates from the Latin word 'obsoletus', meaning 'worn out' or 'forgotten', which evolved through Old French before entering English in the late 15th century. 'Assets' comes from the Old French 'asez', meaning 'enough', which has been used in English since the 14th century to denote resources or properties owned by an individual or entity.

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