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fixed assets

Syllabification: fixed as·sets

Definition of fixed assets in English:

plural noun

Assets that are purchased for long-term use and are not likely to be converted quickly into cash, such as land, buildings, and equipment. Compare with current assets.
Example sentences
  • Three types of assets are included in the balance sheet: current assets, fixed assets and intangible assets.
  • The company owns more than €3.59 million in fixed assets, mostly freehold land and buildings.
  • Operating leverage was measured as the ratio of fixed assets to total assets for each year.

Definition of fixed assets in:

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Word of the day orthoepy
Pronunciation: ˈɔːθəʊɛpi
noun
the correct or accepted pronunciation of words