Legal glossary

“assets”

Defined in 1 Acts. A definition holds for the Act that gives it; the same word can mean something else in another Act.
  1. The Administrators-General Act, 1963 · s. 2

    (a) "assets" means all the property, movable and immovable, of a deceased person, which is chargeable with and applicable to the payment of his debts and legacies, or available for distribution among his heirs and next-of-kin;
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