Assession is a word that is not commonly used in everyday language, but it is an important term in certain fields, such as law and finance. In this article, we will explore the definition and meaning of assession, its origins, and how it is used in different contexts.
Definitions
Assession is a legal term that refers to the act of adding or annexing property to an existing property. It can also refer to the increase in value of an existing property due to the addition of new assets or improvements.
In finance, assession is used to describe the process of evaluating the value of an asset or property, usually for the purpose of determining its worth or potential for investment.
Origin
The word assession comes from the Latin word “accessio,” which means “a coming to.” It was first used in English in the 15th century to describe the act of adding something to an existing property.
Meaning in different dictionaries
The meaning of assession can vary slightly depending on the dictionary. Here are some definitions from different sources:
- Merriam-Webster: “the act of adding to an estate or property by natural increase or improvement”.
- Oxford English Dictionary: “the acquisition of property by accession; the act of adding or annexing something to an existing property”.
- Dictionary.com: “the act of adding to something, especially a property or estate”.
Associations
Assession is often associated with the legal and financial fields, where it is used to describe the process of evaluating and adding value to assets or properties. It is also associated with the concept of ownership and the transfer of property rights.
Synonyms
Some synonyms of assession include:
- Addition.
- Annexation.
- Accretion.
- Increase.
- Improvement.
Antonyms
Antonyms of assession include:
- Subtraction.
- Removal.
- Decrease.
- Reduction.
The same root words
Some related words that share the same root as assession include:
- Accession: the act of coming into possession of a position, title, or property.
- Succession: the process of inheriting a position, title, or property.
- Concession: the act of granting something, such as a right or privilege.
Example Sentences
Here are some example sentences that use the word assession:
- The assession of the new property increased the value of the estate.
- The assession of the art collection to the museum’s holdings was a major coup.
- The assession of the new equipment improved the efficiency of the factory.
- The assession of the company’s financial records revealed some discrepancies.
- The assession of the new employee to the team brought fresh ideas and perspectives.