What does Fixed Asset mean? Read on to discover the definition & meaning of the term Fixed Asset - to help you better understand the language used in insurance policies.
Fixed assets are items of property that a business owns that do not get consumed, but that are used to help the business generate profits. Examples of fixed assets are land, machinery, and real estate. In the context of insurance, business owners commonly buy fixed asset insurance, or business insurance that covers fixed assets.
We hope the you have a better understanding of the meaning of Fixed Asset.