fixed asset

Definition

A long-term, tangible asset held for business use and not expected to be converted to cash in the current or upcoming fiscal year, such as manufacturing equipment, real estate, and furniture. also called plant.

Use fixed asset in a sentence

The newspaper company's highest valued fixed asset is its printing press, which it has owned for over five years and has no intention of selling any time soon.

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limitation on sale-and-leaseback investment flows