Business / Finance / Long-Term Asset: Any asset that has an economic life greater than one year. Liquid items such as cash are considered to be current or short-term assets. Under accounting rules, intangible assets must always be classified as long-term assets, even if their remaining life is less than one year.
Business / Finance / Intangible Asset: Defined benefit pension plans that are guaranteed by life insurance products. Related: Non-insured plans MORE
Business / Finance / Capital Asset Pricing Model (CAPM): A long-term asset, such as land or a building, not purchased or sold in the normal course of business. MORE
Business / Finance / Miscellaneous Current Assets: An account for current assets that do not fall into the following categories: cash, marketable securities, accounts receivable, other receivables, inventory, and prepaid expenses. MORE
Business / Finance / Miscellaneous Non-Current Assets: An account for assets not including current assets, property, plant and equipment, intangibles, deposits, and loans made. MORE
Business / Finance / Long-Term Loss: A loss on the sale of a capital asset held less than 12 months that can be used to offset a capital gain. MORE