Business / Accounting / Circulating Assets: The opposite to Fixed assets . Circulating assets describe those assets that turn from cash to goods and back again (hence the term circulating). Typically, you buy some raw materials, start to manufacture a product (the asset is called work in progress at this point), produce a product (it is now stock ), sell it (it is now back to cash again).
Assets Noun Synonyms: property, resources, possessions, holdings, effects, capital, means, valuables, money, wealth
Business / Finance / Nonreproducible Assets: A tangible asset with unique physical properties, like a parcel of land, a mine, or a work of art. MORE
Business / Accounting / Operating Assets: Long-term, or noncurrent, assets acquired for use in the business rather than for resale: includes property, plant, and equipment: intangible assets: and natural resources. MORE