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English definition of “tangible asset”

tangible asset

noun [C]
 
 
( also hard asset, also tangible) ACCOUNTING, FINANCE
a physical asset whose value can be easily measured, such as cash, property, goods, or machinery: The pension fund invests the savings of its members in tangible assets such as land and buildings. →  Compare intangible asset , soft asset
(Definition of tangible asset from the Cambridge Business English Dictionary © Cambridge University Press)
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