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asset  allocation.The  spreading  of  funds  between  different  types  of  investments  with  the intention of decreasing risk and increasing return.[Blacks Law 8th]

asset  acquisition.Acquisition  of  a  corporation  by  purchasing  all  its  assets  directly  from  the corporation  itself,  rather  than  by  purchasing  shares  from  its  shareholders.  —  Also  termed  asset purchase. Cf. SHARE ACQUISI-TION.[Blacks Law 8th]

asset. 1. An item that is owned and has value. 2. (pl.) The entries on a balance sheet showing the items of property owned, including cash, inventory, equipment, real estate, accounts receivable, and goodwill. 3. (pl.) All the property of a person (esp. a bankrupt or deceased person) available for paying debts or for distribution.…

assessor. 1. One who evaluates or makes assessments, esp. for purposes of taxation. — Also termed (specif.) tax assessor. [Cases: Taxation    309, 312. C.J.S. Taxation §§ 455–457, 459–461, 478–480.]  2.  A  person  who  advises  a  judge  or  magistrate  about  scientific  or  technical  matters during           a           trial.           See           MASTER(2).3.ADSESSOR.           —           assessorial (as-<<schwa>>-sor-ee-<<schwa>>l), adj. — assessorship,n.[Blacks Law…

assessment  work.Mining  law.  The  annual  labor  (such  as  improvements)  that  must  be performed  on  an  unpatented  mining  claim  to  continue  to  hold  the  claim.  [Cases:  Mines  and Minerals    23. C.J.S. Mines and Minerals §§ 84, 96.][Blacks Law 8th]

assessment roll.A record of taxable persons and property, prepared by a tax assessor. — Also termed assessment list. [Cases: Taxation    408.C.J.S. Taxation § 580.][Blacks Law 8th]

assessment ratio.For property-tax purposes, the ratio of assessed value to fair market value.[Blacks Law 8th]

assessment period.A taxable period.[Blacks Law 8th]

assessment list.See ASSESSMENT ROLL.[Blacks Law 8th]

assessment insurance.See INSURANCE.[Blacks Law 8th]