Assets, generally of a long-term nature, that are not used in the normal operation of a business and that management does not intend to convert to cash within the next year.
amount of money or other resources measured in terms of money placed on activities or other forms of assets for the purpose of earning profits. (Board of Investment)
Most commonly, securities and real estate held for the production of revenues in the form of interest, dividends, rentals or lease payments. The term does not include fixed assets used in government operations.