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fixed asset

any long-term asset, as a building, tract of land, or patent.
Also called capital asset.
Origin of fixed asset
First recorded in 1895-1900 Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2018.
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British Dictionary definitions for fixed assets

fixed assets

plural noun
nontrading business assets of a relatively permanent nature, such as plant, fixtures, or goodwill Also called capital assets Compare current assets
Collins English Dictionary - Complete & Unabridged 2012 Digital Edition
© William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012
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Contemporary definitions for fixed assets
plural noun

the longer-term holdings that are not likely to be quickly converted to cash, such as property and equipment's 21st Century Lexicon
Copyright © 2003-2014, LLC
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