Having a site, situation, or location; being in a relative position; permanently fixed; placed; located; as, a town situated, or situate, on a hill or on the seashore.

Assets are situated according to general law. Common examples of where assets are situated are land and houses and household goods are situated where the property is located bank notes and coins are situated wherever they happen to be at the time of the transfer registered shares and securities are situated where they are registered bank accounts are situated at the branch where the account is held.

situated in a particular spot or position; "valuable centrally located urban land"; "strategically placed artillery"; "a house set on a hilltop"; "nicely situated on a quiet riverbank"

Knowledge is situated where the context is a part of the meaning, making it difficult to transport or generalize. Things can be historically situated and socially situated. Idealism

Placed; residing.