A long-term asset, such as land or a building, not purchased or sold in the normal course of business. Bloomberg Financial Dictionary
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capital asset UK US noun [C, usually plural] (also fixed asset, UK also chargeable asset)
► ACCOUNTING something, such as land, buildings, equipment, etc., which is owned by a company and which is used to produce income for the company: »
The company's loans are secured by specific capital assets.
Financial and business terms. 2012.