Part 703

<p><b>2.</b> <def>A valuation of property or profits of business, for the purpose of taxation; such valuation and an adjudging of the proper sum to be levied on the property; <as>as, an <ex>assessment</ex> of property or an <ex>assessment</ex> on property</as>.</def>

<note>&hand; An <i>assessment</i> is a valuation made by authorized persons according to their discretion, as opposed to a sum certain or determined by law. It is a valuation of the property of those who are to pay the tax, for the purpose of fixing the proportion which each man shall pay.</note>

<i>Blackstone. Burrill.</i>

<p><b>3.</b> <def>The specific sum levied or assessed.</def>

<p><b>4.</b> <def>An apportionment of a subscription for stock into successive installments; also, one of these installments (in England termed a "call").</def> <mark>[U. S.]</mark>

<h1>Assessor</h1> <Xpage=91>

<hw>As*sess"or</hw>, <tt>n.</tt> <ety>[L., one who sits beside, the assistant of a judge, fr. <ets>assid<?/re</ets>. See <er>Assession</er>. LL., one who arranges of determines the taxes, fr. <ets>assid<?/re</ets>. See <er>Assess</er>, <ets>v</ets>., and cf. <er>Cessor</er>.]</ety> <p><b>1.</b> <def>One appointed or elected to assist a judge or magistrate with his special knowledge of the subject to be decided; as legal <i>assessors</i>, nautical <i>assessors</i>.</def>

<i>Mozley & W.</i>

<p><b>2.</b> <def>One who sits by another, as next in dignity, or as an assistant and adviser; an associate in office.</def>

<blockquote>Whence to his Son, The <b>assessor</b> of his throne, he thus began. <i>Milton.</i></blockquote>

<blockquote>With his ignorance, his inclinations, and his fancy, as his <b>assessors</b> in judgment. <i>I. Taylor.</i></blockquote>

<p><b>3.</b> <def>One appointed to assess persons or property for the purpose of taxation.</def>

<i>Bouvier.</i>

<h1>Assessorial</h1> <Xpage=91>

<hw>As`ses*so"ri*al</hw> <tt>(#)</tt>, <tt>a.</tt> <ety>[Cf. F. <ets>assessorial</ets>, fr. L. <ets>assessor</ets>.]</ety> <def>Of or pertaining to an assessor, or to a court of assessors.</def>

<i>Coxe.</i>

<h1>Assessorship</h1> <Xpage=91>

<hw>As*sess"or*ship</hw> <tt>(#)</tt>, <tt>n.</tt> <def>The office or function of an assessor.</def>

<h1>Asset</h1> <Xpage=91>

<hw>As"set</hw> <tt>(#)</tt>, <tt>n.</tt> <def>Any article or separable part of one's assets.</def>

<h1>Assets</h1> <Xpage=91>

<hw>As"sets</hw> <tt>(#)</tt>, <tt>n. pl.</tt> <ety>[OF. <ets>asez</ets> enough, F. <ets>assez</ets>, fr. L. <ets>ad + satis</ets>, akin to Gr. <?/ enough, Goth. <ets>saps</ets> full. Cf. <er>Assai</er>, <er>Satisfy</er>.]</ety> <p><b>1.</b> <fld>(Law)</fld> <sd>(a)</sd> <def>Property of a deceased person, subject by law to the payment of his debts and legacies; -- called <i>assets</i> because <i>sufficient</i> to render the executor or administrator liable to the creditors and legatees, so far as such goods or estate may extend.</def> <i>Story</i>. <i>Blackstone</i>. <sd>(b)</sd> <def>Effects of an insolvent debtor or bankrupt, applicable to the payment of debts.</def>

<p><b>2.</b> <def>The entire property of all sorts, belonging to a person, a corporation, or an estate; <as>as, the <ex>assets</ex> of a merchant or a trading association</as>; -- opposed to <contr>liabilities</contr>.</def>

<note>&hand; In balancing accounts the <i>assets</i> are put on the Cr. side and the debts on the Dr. side.</note>

<h1>Assever</h1> <Xpage=91>

<hw>As*sev"er</hw> <tt>(#)</tt>, <tt>v. t.</tt> <ety>[Cf. OF. <ets>asseverer</ets>, fr. L. <ets>asseverare</ets>.]</ety> <def>See <er>Asseverate</er>.</def> <mark>[Archaic]</mark>

<h1>Asseverate</h1> <Xpage=91>

<hw>As*sev"er*ate</hw> <tt>(#)</tt>, <tt>v. t.</tt> <wordforms>[<tt>imp. & p. p.</tt> <er>Asseverated</er> <tt>(#)</tt>; <tt>p. pr. & vb. n.</tt> <er>Asseverating</er> <tt>(#)</tt>.]</wordforms> <ety>[L. <ets>asseveratus</ets>, p. p. of <ets>asseverare</ets> to assert seriously or earnestly; <ets>ad + severus</ets>. See <er>Severe</er>.]</ety> <def>To affirm or aver positively, or with solemnity.</def>