fixed asset
fixed asset see asset 2

Merriam-Webster’s Dictionary of Law. . 1996.

fixed asset
Long-term tangible property used in the operation of a business that is not readily converted into cash or consumed in the ordinary course of business. Examples include machinery, buildings, fixtures, and equipment. Also referred to as a capital asset.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Personal Finance & Retirement → Taxes → Tax Audits

Nolo’s Plain-English Law Dictionary. . 2009.


fixed asset
Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.

Dictionary from West's Encyclopedia of American Law. 2005.


fixed asset
Property, such as machinery or buildings, utilized in a business that will not be used or liquidated during the current fiscal period.

Short Dictionary of (mostly American) Legal Terms and Abbreviations.

Look at other dictionaries:

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  • fixed asset — UK / US noun [countable] Word forms fixed asset : singular fixed asset plural fixed assets business something a company owns and uses but does not sell, for example machines, buildings, or land …   English dictionary

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  • fixed asset — fixed′ as′set n. bus a long term asset, as a tract of land …   From formal English to slang

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