What is the definition of Fictitious asset? | Dictionary.net

FICTITIOUS ASSET

\fɪktˈɪʃəs ˈasɛt], \fɪktˈɪʃəs ˈasɛt], \f_ɪ_k_t_ˈɪ_ʃ_ə_s ˈa_s_ɛ_t]\

Definitions of FICTITIOUS ASSET

1910 - Black's Law Dictionary (2nd edition)

Sort: Oldest first

An asset made by accounting tha is not tangible but represents cash. It creates a fake asset that is written off ASAP.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

Word of the day

Snake's-head

Guinea-hen flower; -- so called in England because its spotted petals resemble the scales of a snake's head.

View More

Nearby Words