total assets

Definition

The sum of current and long-term assets owned by a person, company, or other entity.

Use total assets in a sentence

The total assets of the company were never enough to justify keeping the business open, so they decided that it would be best to close down.

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The total assets of the company, including the vehicle fleet, their buildings, and any land they own, help to determine the company's worth.

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Before you write your living will, you will need to go to a lawyer so they can determine the value of your total assets, so you know how much everything you own is worth.

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