capital asset

Definition

All tangible property which cannot easily be converted into cash and which is usually held for a long period, including real estate, equipment, etc.

Use capital asset in a sentence

You may want to keep a capital asset on hand that you can quickly off load any time you need some liquidity.

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The space we had for over 40 years was a considerable capital asset, and also a source of company wide pride.

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The capital asset had tremendous value despite not being able to be considered fully liquid at this moment in time.

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return of capital capital gains tax