tangible asset

Definition of "tangible asset"
  1. A resource that has physical presence, and its worth can be assessed at a current or nearly accurate value
How to use "tangible asset" in a sentence
  1. The company's tangible assets include property, vehicles, and equipment.
  2. The decline in the value of the tangible assets will impact the overall financial health of the business.
  3. It's essential to insure all tangible assets to protect against potential losses.

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