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Also known as liability management, this is the function of controlling assets and liabilities to achieve the optimum return and reduce risk.
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asset management UK US noun [U] FINANCE
► the management of a company's or organization's money or property, in order to make as much profit as possible: »
We provide property and asset management services for large corporations.
► advice given to customers on investments by banks or financial organizations: »
an asset management firm/company.
Financial and business terms. 2012.