No Assets

Views Updated: Dec 15, 2025

Abbreviation

Pronunciation

/noʊ ˈæˌsɛts/

A company that is incorporated but has no assets or operations.
No income, No job, No assets.
Many young people in rich countries have no assets and a wallet full of maxed-out credit cards.
When we married, we got poor together. We added up our assets and there were no assets.
In the absence of restriction, the retail bank could simply lend all its funds to the investment banking arm of the group; when the investment bank fails, the retail bank then has no assets.

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