Term of the Day
For Tuesday, May 13, 2008
wasting assetDefinition 1
Accounting: (1) Fixed assets (excluding real estate) that has limited (though not necessarily predetermined) useful life and is, therefore, subject to depreciation. (2) Natural resource such as coal, gas, oil, ores, timber, that diminishes in value due to depletion, extraction, or removal and is, therefore, subject to amortization.
Definition 2
Securities industry: put option or call option whose value expires on a fixed date.
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wasting asset is in the Accounting & Auditing and Securities & Futures Trading subjects.
wasting asset appears in the definition of the following term: replacement reserves
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