Property whose value may diminish after the time of its seizure so that an interlocutory sale may be justified, or that has so diminished in value that forfeiture is no longer practicable. For example, realty in general; livestock; a business operating under state or local licensing requirements where seizure may result in suspension or revocation of the license; and cars, planes, or boats that are expensive to maintain. (See "Interlocutory Sale.")
Is a derivative instrument that may expire worthless after a stated time or event. Options, Rights, and Warrants are three wasting assets.
Natural resource, such as oil, coal, and timber, having a limited useful life and subject to depletion. Such assets decrease in worth primarily due to the extraction of the valued commodity held by these assets.
An asset that has a limited life and tends to decrease in value over time (with all other factors being held constant). Options are wasting assets.
A natural resource such as timber, oil, or gas which has a limited useful life and thus is subject to amortization (depletion) during the life of the asset.
An asset that depreciates in value over time due to a limited life span.
An asset that has a limited life and thus decreases in value ( depreciates) over time. Also applies to consumed assets, such as oil or gas, and termed "depletion."
A derivative security that loses value due to time decay.
1: Securities with a value that expires at a specified time in the future. The time values of the securities deteriorate as their termination date approaches. Examples of wasting assets are option contracts, warrants and rights. See: Options; Right; Time Value; Warrant 2: Fixed assets that have a limited life. Thus, they are subject to depreciation. See: Depreciation; Fixed Assets 3: Natural resources that diminish in value as the assets are depleted and therefore are subject to amortization. Examples are oil and gas extractions. See: Amortization; Depletion Accounting
Natural resources, the value of which is decreased because it is subject to depletion through extraction of the valued commodity.
