Vocabulary : Assessed to Assets

Assessed : of Assess
Assessee : One who is assessed.
Assessing : of Assess
Assession : A sitting beside or near.
Assessment : The act of assessing; the act of determining an amount to be paid; as, an assessment of damages, or of taxes; an assessment of the members of a club. ;; A valuation of property or profits of business, for the purpose of taxation; such valuation and an adjudging of the proper sum to be levied on the property; as, an assessment of property or an assessment on property. ;; The specific sum levied or assessed. ;; An apportionment of a subscription for stock into successive installments; also, one of these installments (in England termed a "call").

Assessor : One appointed or elected to assist a judge or magistrate with his special knowledge of the subject to be decided; as legal assessors, nautical assessors. ;; One who sits by another, as next in dignity, or as an assistant and adviser; an associate in office. ;; One appointed to assess persons or property for the purpose of taxation.
Assessorial : Of or pertaining to an assessor, or to a court of assessors.
Assessorship : The office or function of an assessor.
Asset : Any article or separable part of one's assets.
Assets : Property of a deceased person, subject by law to the payment of his debts and legacies; -- called assets because sufficient to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend. ;; Effects of an insolvent debtor or bankrupt, applicable to the payment of debts. ;; The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a merchant or a trading association; -- opposed to liabilities.

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