Anticipatory Breach Definition and Legal Meaning

n. derived from the french word, assez meaning enough that is, the word asset is used for the property in the hands of an heir, executor, administrator or trustee, which is legally or equitably chargeable with the obligations, which such heir, executor, administrator or other trustee, is, as such, required to discharge. In general sense the word stands for anything of commercial value possessed by a party, like stock in trade, cash, property, etc.