fixed asset

noun

1. any long-term asset, as a building, tract of land, or patent.

Word History and Origins

Origin of fixed asset¹

First recorded in 1895–1900

Example Sentences

Growth depends far too much on fixed asset investment, notably in infrastructure and real estate construction.

From The Daily Beast

Fixtures—A fixed asset represented by that part of the furniture not readily removable, such as gas and electric light fixtures.

From Project Gutenberg