Fixed Asset A tangible piece of property that a company owns and uses in generating income and is not expected to be consumed or converted into cash in less than a year's time. Home Resources Startup Law Dictionary Fixed Asset Return to Glossary Need legal help? Schedule a free consultation with a world-class startup attorney on LawTrades. LET'S CHAT Roy G. Business Attorney Heather N. Business Attorney Jared S. Business Attorney Tell us about your project We'll connect you with a vetted attorney in just a few minutes. Trusted by top companies like :