Meaning of “capital asset” in the English Dictionary


"capital asset" in Business English

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capital assetnoun [ C, usually plural ]

uk us also fixed asset, UK also chargeable asset

ACCOUNTING something, such as land, buildings, equipment, etc., which is owned by a company and which is used to produce income for the company:

The company's loans are secured by specific capital assets.

(Definition of “capital asset” from the Cambridge Business English Dictionary © Cambridge University Press)