principle. n. 1. a standard or rule of personal conduct: a man of principle. 2. (often plural) a set of such moral rules: he'd stoop to anything; he has no principles. 3. adherence to such a moral code; morality: it's not the money but the principle of the thing; torn between principle and expediency. 4. a fundamental or general truth or law: first principles. 5. the essence of something: the male principle.
Definition of asset availability: State of an asset in which it is available and ready to be put to its designed or intended use. Dictionary Term of Day Articles Subjects Sign Up BusinessDictionary
BREAKING DOWN 'Asset'. 1. Assets are bought to increase the value of a firm or benefit the firm's operations. You can think of an asset as something that can generate cash flow, regardless of whether it's a company's manufacturing equipment or an individual's rental apartment. 2. In the context of accounting, assets are either current or fixed (non-current). Current means that the asset will be consumed within one year.