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Finance Glossary

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Fixed Assets

Definition:

"Fixed assets" refers to assets that are "hard items"—like property and equipment. That is, these are assets that the company paid for in cash (99.99% of the time) and are going to be used for a good long while. They carry an asset value on the company's balance sheet, and they're considered "non-current" assets, since they aren't going to be sold for cash easily or any time soon (probably).