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fixed asset

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noun
  1. any long-term asset, as a building, tract of land, or patent.
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Origin of fixed asset

First recorded in 1895–1900
Also called capital asset.
Dictionary.com Unabridged Based on the Random House Unabridged Dictionary, © Random House, Inc. 2018

British Dictionary definitions for fixed assets

fixed assets

pl n
  1. nontrading business assets of a relatively permanent nature, such as plant, fixtures, or goodwillAlso called: capital assets Compare current assets
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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