Assets

— Property in the hands of an ment of debts and legacies of the an act or thing done, as consent v. Consent. or fix;

— to ascertain or assesa Assart; an assart, v. Assart, To assart Assertatnm: assarted.; satisfaction or compensation. fix or settle a sum to be levied or of a tax;

— to impose a pecuniary;

— to value, in order to tax; the anciently used as expressive of nearly cause were said to be assessed and frequently said to tax the damwas made, the jury being said to to tax the costs; and this dis- Assessment. proportioning of one thing to another; be levied or paid; the adjustment levied; taxation in general; valuataxation; a pecuniary imposition of tax; a tax for a local object or according to a supposed relation word is thus used in two distinct and the sense of result There is a and tax, though in the broadest and rest upon the power to tax, an imposition for improvements beneand proportioned to the beneon all property-owners without I. In the civil law.

A person for the purpose of assisting him to assess property, v. Assess, Persons skilled in the law, apdecisions of the judges of inferior executor, etc., available for paytestator, etc.; property of a bankavailable for the payment of his or its liabilities. Assets entre mains: assets in hand; assets in the hands of executors or administrators, applicable to the payment of debts. Assets per descent: assets by descent, — lands in the hands of an heir chargeable with the payment of the debts of the ancestor; otherwise called real assets. Equitable assets: assets which creditors can reach only through a court of equity. Legal assets: assets in the hands of the executor or administrator which maybe reached by an action at law. V. Marshaling.