capital asset
Tangible and generally illiquid property used by a business to generate profit, such as equipment and buildings. The usefulness of the asset is expected to extend beyond one year.
Definition from Nolo’s Plain-English Law Dictionary
Any type of property owned by a business that has a useful life of more than one year, such as a computer or truck.
Definition provided by Nolo’s Plain-English Law Dictionary.
August 19, 2010, 5:12 pm
