- 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. 2018
- nontrading business assets of a relatively permanent nature, such as plant, fixtures, or goodwillAlso called: capital assets Compare current assets