Definition of fixed assets in English:

fixed assets

Line breaks: fixed as¦sets


  • Assets which 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.

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Word of the day skosh
Pronunciation: skəʊʃ
a small amount; a little