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

What’s more, the company this year has doled out $30 billion in capital spending — the amount it spends for property, equipment and other fixed assets — “a large part” of which has been directed at operations, Olsavsky said.

From Washington Post

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