On October 10, 2012, Amanda Michelle Todd, a 15-year-old Canadian girl, committed suicide at her home in Port Coquitlam, British Columbia, Canada. Prior to her death, Todd had posted a video on YouTube in which she used a series of flash cards to tell her experience of being blackmailed into exposing her breasts via webcam, and of being bullied and physically assaulted. The video went viral after her death, resulting in international media attention. The video has had more than 12 million views
Formal definition. An asset is a resource controlled by the entity as a result of past events and from which future economic benefits are expected to flow to the entity (Framework Par 49a). Characteristics. One of the most widely accepted accounting definitions of asset is the one used by the International Accounting Standards Board. The following is a quotation from the IFRS Framework: An asset is a resource controlled by the enterprise as a result of past events and from which future economic benefits are expected to flow to the enterprise.
asset in Business English. assetnoun [ C, usually plural ] The company reported total assets worth $1.9 million. have/hold/own assets You can hold assets offshore, such as bank accounts or property. acquire/buy/increase assets The parties will decide whether to buy assets or shares.