fixed asset

noun
1.
any long-term asset, as a building, tract of land, or patent.
Also called capital asset.
Origin
1895-1900
British Dictionary definitions for fixed assets

fixed assets

plural noun
1.
nontrading business assets of a relatively permanent nature, such as plant, fixtures, or goodwill Also called capital assets Compare current assets
Contemporary definitions for fixed assets
plural noun

the longer-term holdings that are not likely to be quickly converted to cash, such as property and equipment