capital asset
capital asset see asset 2

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

capital asset
Any type of property owned by a business that has a useful life of more than one year, such as a computer or truck.
Category: Business, LLCs & Corporations → Business Accounting, Bookkeeping & Finances
Category: Business Cash Flow Problems & Bankruptcy
Category: Business, LLCs & Corporations → Business Tax & Deductions
Category: Business, LLCs & Corporations → Buying or Selling a Business
Category: Personal Finance & Retirement → Taxes → Tax Audits

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


capital asset
Property held by a taxpayer, such as houses, cars, stocks, bonds, and jewelry, or a building owned by a corporation to furnish facilities for its employees.

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


capital asset
Property held by a taxpayer, such as houses, cars, stocks, bonds, and jewelry, or a building owned by a corporation to furnish facilities for its employees.

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

Look at other dictionaries:

  • Capital asset — has two related meanings in the fields of accounting and financial economics. In accounting, a capital asset is an asset that is recorded on a balance sheet as capital that is, property that creates more property, e.g. a factory that creates… …   Wikipedia

  • capital asset — UK US noun [countable] [singular capital asset plural capital assets] business something such as equipment or buildings that a company owns and uses in doing its business …   Useful english dictionary

  • capital asset — noun count BUSINESS something such as equipment or buildings that a company owns and uses in doing its business …   Usage of the words and phrases in modern English

  • capital asset — A long term asset, such as land or a building, not purchased or sold in the normal course of business. Bloomberg Financial Dictionary * * * capital asset capital asset ➔ asset * * * capital asset UK US noun [C, usually plural] (also fixed asset,… …   Financial and business terms

  • Capital Asset — A type of asset that is not easily sold in the regular course of a business s operations for cash and is generally owned for its role in contributing to the business s ability to generate profit. Furthermore, it is expected that the benefits… …   Investment dictionary

  • capital asset — UK / US noun [countable] Word forms capital asset : singular capital asset plural capital assets business something such as equipment or buildings that a company owns and uses in doing its business …   English dictionary

  • capital asset — noun a) An asset that is recorded on a balance sheet as capital that is, property that creates more property, such as a factory that creates shoes, or a forest that yields a quantity of wood. b) An asset in the sense of accounting, but also… …   Wiktionary

  • capital asset. — See fixed asset. [1920 25] * * * …   Universalium

  • capital asset — See: fixed asset …   Accounting dictionary

  • capital asset — See fixed asset …   Big dictionary of business and management

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