Financial Terms Glossary

Fixed Assets


Assets expected to be used by a business for a considerable length of time, eg vehicles, drilling rigs, IT equipment, land and buildings.


Old fashioned assets used in business on a long-term basis. They sit there - 'fixed' as they are needed all the time. They are effectively 'tied up' in the long-term structure of the business and aren't regularly traded, eg plant and equipment, buildings.

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