hidden asset

Definition of "hidden asset"
  1. A valuable asset that is not disclosed in a company's financial records, often with a dishonest intent such as avoiding taxes or concealing it in a bankruptcy situation
How to use "hidden asset" in a sentence
  1. The auditor discovered a hidden asset in the form of undeclared profits.
  2. By conducting a thorough investigation, the court found several hidden assets that the company had concealed.
  3. The businessman had hidden assets overseas to evade high taxation.

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