asset management
nounUK /ˈæs.et ˈmæn.ɪdʒ.mənt/
US /ˈæs.et ˈmæn.ɪdʒ.mənt/
Asset management is the job of taking care of things you own so they stay safe and useful.
The bank uses asset management to keep track of its money and buildings.
RELATED WORDS
OTHER MEANINGS
2. In computing, asset management means keeping track of a company's computers, software, and other digital tools.
The IT team uses asset management to know which laptops belong to which worker.
3. For a city, asset management means planning how to repair and care for roads, pipes, and public buildings.
Good asset management helped the town fix its old water pipes before they broke.
4. For a person, asset management means deciding how to save and use your money and belongings wisely.
She learned asset management to save up for a new bike.