fixed asset

This term is primarily used in accounting and corporate finance to distinguish long-term investments from current assets, which are expected to be converted to cash within a year. It carries a connotation of stability and permanence, representing the physical infrastructure required for a business to function.

In professional financial reporting, this term is often used interchangeably with non-current assets or property, plant, and equipment (PP&E). It specifically excludes intangible assets like patents or trademarks unless the context explicitly expands to include non-physical long-term holdings.