capital asset

noun

  • Business (Corporate) Law/Company Law
  • Tax Law
  • Banking and Finance

Definitions of capital asset

  • (FINANCE, ECONOMICS) any fixed asset (eg property or machinery) used by a business to make money or used to produce goods or services (in contrast to assets used for personal enjoyment or consumption)

    The stated reason for the deforestation is that the trees are capital assets that the companies need to liquidate to raise cash.

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