fixed asset

noun

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

Word History and Origins

Origin of fixed asset¹

First recorded in 1895–1900

Example Sentences

It will also drop a target to spend half of its fixed assets budget on renewables and low carbon products by 2030.

From BBC

If the loan receives final approval, it would be secured by all assets of the project and fixed assets and guarantees of Rivian and some of its subsidiaries, the company said.

From Los Angeles Times

The report Friday by the National Bureau of Statistics showed factory output was up 6.7% in April from a year earlier and investment in fixed assets such as factory equipment climbed 4.2%.

From Seattle Times

Neither Bowie, Coco or Ollin commented when asked how they feel about being “living fixed assets.”

From Seattle Times

When a company purchases a fixed asset such as a piece of equipment or a computer, it uses depreciation to determine the life cycle value of the item.

From Encyclopedia.com