fixed asset

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noun

any long-term asset, as a building, tract of land, or patent.

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. 2019

British Dictionary definitions for fixed assets

fixed assets

pl n

nontrading business assets of a relatively permanent nature, such as plant, fixtures, or goodwillAlso 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