capital assets

plural noun

Definition of capital assets

: long-term assets either tangible or intangible (as land, buildings, patents, or franchises) specifically : any assets so designated by statute or governmental regulation (as the U.S. Internal Revenue Code) contrasted with current assets

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Cite this Entry

“Capital assets.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/capital%20assets. Accessed 9 Aug. 2020.

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