Crossword Genius

Item of property, like radio equipment (5)

Ross

I believe the answer is:

asset

I'm a little stuck... Click here to teach me more about this clue!

'item of property' is the definition.
(I've seen this in another clue)

'like radio equipment' is the wordplay.
'like' becomes 'as'.
'radio equipment' becomes 'set' (set is a kind of equipment. I am not sure about the 'radio' bit.).
'as'+'set'='ASSET'

Can you help me to learn more?

(Other definitions for asset that I've seen before include "Tessa (anag)" , "one liable to be stripped?" , "Advantage, strength" , "virtue" , "A possession of some value" .)

I've seen this clue in The Irish News.
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