Hidden Asset


Also found in: Dictionary, Thesaurus, Legal, Wikipedia.

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.
References in periodicals archive ?
They urged that amnesty schemes should be designed in such a way as to help in declaring hidden assets and bringing in more capital of expatriate Pakistanis within the country.
And the barrister asked Judge Patrick Curran, QC, to accept there were no additional hidden assets.
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.
In a survey of the country's leading family law firms, 94 per cent of lawyers said they believed there were hidden assets - including cash, property, savings and shares - in three out of ten of their cases, reports the Daily Mail.
Global Banking News-April 14, 2011--Julius Baer to settle case about hidden assets by German clients(C)2011 ENPublishing - http://www.
As her battle with the cheating golfer becomes increasingly acrimonious Elin, 30, has turned to Walter H White Jnr, an expert at tracking down 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.
Polly Purvis, from ScotlandIS, said: "The software and ICT sector is one of the Scottish economy's hidden assets and has been less damaged by recent economic difficulties.
Officers at Newcastle Crown Court yesterday applied for a further confiscation order of pounds 3,400 as they had found hidden assets, including jewellery.
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.
Forensic accounting in divorce engagements is a fairly new discipline, and the process of locating hidden assets or deferred income can be difficult.
They also may work on celebrity divorces, tracking down hidden assets or shareholder disputes.