tangible assets

/ˈtændʒəbl ˈæsets/

noun

  1. Physical items of economic value that a person or company owns, such as buildings, machinery, land, or inventory. They are the opposite of intangible assets, which have no physical form.

    B2

    plural, countable

    • "The company's tangible assets include its factory and trucks."B2
    • "Banks often require tangible assets as collateral for a loan."C1
    • "Our house is our most valuable tangible asset."B1

Common mistakes

  • tangible asset→tangible assets

    Use the plural form when referring to the general class of physical property. Use the singular only for one specific item.

Collocations

fixed tangible assetsnet tangible assetstangible asset value

Word family

tangibleintangible assetsasset