hidden assets


Also found in: Legal.

Hidden Asset

Value that a person or company possesses that does not appear on its balance sheet. One may have a hidden asset due to an accounting convention. For example, a company may be required to depreciate an asset faster than its actual value declines. This results in a higher net worth for the company than would be reflected in its books. A hidden asset is also called a hidden reserve or a hidden value.

hidden assets

Items of value that are owned by a firm but do not appear on its balance sheet. For example, a trademark or patent may be a firm's most valuable owned asset; yet, it would not appear as such on its balance sheet.
References in periodicals archive ?
She asked the media to question those leaders and their families who have hidden assets and bank accounts abroad including offshore companies and dummy corporations.
He said that although there was no money trail to follow, o it was in the nature of hidden assets that they were concealed from police.
According to Rhude, hidden assets can be any number of things, such as undisclosed deposit boxes, bank accounts, retirement accounts, stocks, savings bonds, donations made to fictitious charities, or real property, such as antiques, valuable artwork, real estate, cars, boats, valuable collectibles, etc.
We believe there are hidden assets not yet been identified, which will be pursued as part of Proceeds of Crime action.
By contrast, Barry in November denied discharge of debts for another northwest Arkansas developer, Brandon Barber, whom he found to have deliberately hidden assets from the bankruptcy court and creditors.
In its request, the firm said it has been attempting to organize "voluminous records," liquidate assets, investigate claims against third parties, sell off properties and deal with various motions by lenders, regulators and investigators, including the FBI to "strategize on possible recovery of hidden assets.
Zook and Allen, co-leaders of Bain & Company's Global Strategy practice, outline how to clearly define your core, assess how it is operating, and discover hidden assets that already exist within it.
45 million yen in cash has been found in a western Tokyo apartment once rented by a member of the AUM Shinrikyo cult, the lawyer who was in charge of its bankruptcy procedures and a support group for the victims of the cult's crimes said Wednesday, indicating that the money may constitute hidden assets.
At Newcastle Crown Court yesterday he was ordered to pay an extra pounds 3,400, as police had found hidden assets, including a Rolex watch and gold necklace.
Officers at Newcastle Crown Court yesterday applied for a further confiscation order of pounds 3,400 as they had found hidden assets, including jewellery.
Unstoppable: Finding the Hidden Assets to Renew the Core and Fuel Profitable Growth.
They also may work on celebrity divorces, tracking down hidden assets or shareholder disputes.