Definition of fixed assets in English:

fixed assets

Syllabification: fixed as·sets

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.
    More 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.

More definitions of fixed assets

Definition of fixed assets in:

Get more from Oxford Dictionaries

Subscribe to remove adverts and access premium resources

Word of the day grotesquerie
Pronunciation: grəʊˈtɛskəri
noun
grotesque quality or grotesque things collectively