Definition of concealed asset
: a tangible or intangible asset that is not reflected on the balance sheet in accounting or finance or that is carried at nominal value (as stock of a subsidiary or a valuable patent)
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Words at Play
Ask the Editors
- Why is there a 'd' in 'fridge' but not in 'refrigerator'?
- 'All Intensive Purposes' or 'All Intents and Purposes'?
- Is Singular 'They' a Better Choice?