Meaning of “wasting asset” in the English Dictionary

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"wasting asset" in Business English

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wasting assetnoun [ C ]

uk us ACCOUNTING, FINANCE

an asset, such as an investment or a piece of equipment, that will continue to lose value over time:

Property leases with less than 50 years to run are seen as wasting assets.

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