From Longman Business Dictionarycapital assetˌcapital ˈasset American English, chargeable asset British English [countable]TAXACCOUNTINGFINANCE1something such as land, buildings, or machinery used by a business to produce its goods or servicesSYNFIXED ASSETthe company’s investment in capital assets2an asset on which CAPITAL GAINS TAX must be paid if it is sold → asset
