(As*sess"a*ble) a. Liable to be assessed or taxed; as, assessable property.
(As`sess*ee") n. One who is assessed.
(As*ses"sion) n. [L. assessio, fr. assidre to sit by or near; ad + sedre to sit. See Sit.] A
sitting beside or near.
(As*sess"ment) n. [LL. assessamentum.]
1. The act of assessing; the act of determining an amount to be paid; as, an assessment of damages, or
of taxes; an assessment of the members of a club.
2. 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, an assessment of property or an assessment on
An assessment 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. Blackstone. Burrill.
3. The specific sum levied or assessed.
4. An apportionment of a subscription for stock into successive installments; also, one of these installments
(in England termed a "call"). [U. S.]
(As*sess"or), n. [L., one who sits beside, the assistant of a judge, fr. assidre. See Assession.
LL., one who arranges of determines the taxes, fr. assidre. See Assess, v., and cf. Cessor.]
1. One appointed or elected to assist a judge or magistrate with his special knowledge of the subject to
be decided; as legal assessors, nautical assessors. Mozley & W.
2. One who sits by another, as next in dignity, or as an assistant and adviser; an associate in office.
Whence to his Son,
The assessor of his throne, he thus began.
With his ignorance, his inclinations, and his fancy, as his assessors in judgment.
3. One appointed to assess persons or property for the purpose of taxation. Bouvier.
(As`ses*so"ri*al) a. [Cf. F. assessorial, fr. L. assessor.] Of or pertaining to an assessor,
or to a court of assessors. Coxe.
(As*sess"or*ship) n. The office or function of an assessor.
(As"set) n. Any article or separable part of one's assets.
(As"sets) n. pl. [OF. asez enough, F. assez, fr. L. ad + satis, akin to Gr. enough, Goth. saps
full. Cf. Assai, Satisfy.]
1. (Law) (a) Property of a deceased person, subject by law to the payment of his debts and legacies; - -
called assets because sufficient to render the executor or administrator liable to the creditors and
legatees, so far as such goods or estate may extend. Story. Blackstone. (b) Effects of an insolvent
debtor or bankrupt, applicable to the payment of debts.
2. The entire property of all sorts, belonging to a person, a corporation, or an estate; as, the assets of a
merchant or a trading association; opposed to liabilities.