The-definition.com

Definition

Fixed assets

Fixed assets are assets such as land, buildings, machinery or property used in operating a business that will not be consumed or converted into cash during the current accounting period.


Fixed assets relatively permanent assets that a firm expects to use for more than one year; also called plant assets.

Share it:  Cite

More from this Section

  • Chartered Life Underwriter (CLU)
    Chartered Life Underwriter (CLU) is an individual who has attained a high degree of technical ...
  • Discount rate
    Discount rate is the interest rate that the Federal Reserve changes banks on discount ...
  • Nominal effective exchange rate
    Nominal effective exchange rate is the actual foreign exchange quotation, in contradistinction ...
  • Banks
    Banks are a company that accepts deposits and issues new loans. It makes profit by charging ...
  • Guaranteed renewable
    Guaranteed renewable means continuance provision of a health insurance policy under which ...