Meaning of “tangible asset” in the English Dictionary


"tangible asset" in Business English

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tangible assetnoun [ C ]

uk us 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.

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