available asset

Available Asset

1. An asset that is not being used as collateral on a loan and may therefore be sold or donated. In other words, an available asset is any asset with no restrictions on its use.

2. See: Liquid asset.

Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

available asset

A person's or a firm's asset that is not being used as collateral for a loan and is therefore available for general use or for sale.

Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.