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' An asset represents a present economic resource of a company to which it has a right or other type of access that other individuals or firms do not have. A right or other access is legally enforceable, which means that a company can use economic resource at its discretion, and its use can be precluded or limited by an owner. For an asset to be present, a company must possess a right to it as of the date of the financial statements.