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Finance Dictionary and Glossary of Investment Terms
fixed asset
Definition 1.
A long-term, tangible asset held for business use and not expected to be converted to cash in the current or upcoming fiscal year, such as manufacturing equipment, real estate, and furniture. also called plant.
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Definition 2.
Tangible property, owned by a firm, that is used in the production of its income, but not expected to be consumed or converted into cash.
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Definition 3.
An asset that can''t be instantly liquidated. Buildings, factories, etc. are fixed assets. Cash is the quintessential liquid asset.
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Definition 4.
Long-lived property owned by a firm that is used by a firm in the production of its income. Tangible fixed assets include real estate, plant, and equipment. Intangible fixed assets include patents, trademarks, and customer recognition.
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