The etymology of the word "asset" traces back to the Old French term "assetz," meaning "enough" or "sufficient." This, in turn, originates from the Latin "ad satis," which translates to "to sufficiency." Initially, "asset" referred to a legal term for sufficient estate to satisfy debts and legacies, but it later evolved to denote any property that can be converted into cash. The term has since expanded to refer to any item of value or resource, both tangible and intangible.