fixed asset
noun
any long-term asset, as a building, tract of land, or patent.
Also called
capital asset.
Origin of fixed asset
First recorded in 1895–1900
Words nearby fixed asset
fixative,
fixator,
fixator muscle,
fixed,
fixed action pattern,
fixed asset,
fixed assets,
fixed bridge,
fixed capital,
fixed charge,
fixed cost
British Dictionary definitions for fixed assets
fixed assets
pl n
nontrading business assets of a relatively permanent nature, such as plant, fixtures, or goodwill
Also called: capital assets Compare current assets