available asset

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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.

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.
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References in periodicals archive ?
Nolcom will utilize all available assets and resources to protect our national territory, including its northern maritime areas, and assert our sovereign rights over our maritime domain,' Nato said.
Mark Connor, prosecuting, said Hillier, who repaid some of the money, benefited by PS35,845, but her only available asset was a PS1,130 car.
David Gansberg, president and chief executive officer of Arch MI, said, "We welcome the new standards in the draft [Private Mortgage Insurer Eligibility Requirements (PMIERs)] as a prudent means of ensuring that approved mortgage insurers have the necessary available assets and financial strength to fulfill their contractual obligation to pay claims in a wide range of macroeconomic environments.
Prospective buyers may also call the Asset Management and Disposal Group at (02) 841-4650 for inquiries on available assets.
Over the past two years, investments were considerably lower than expected, given the available assets and the historical interest of foreign and local investors.
However he must pay back just PS9,650 as his only available assets are two vehicles and a registration plate.
Judge Robert Orme ordered Mosey's available assets of PS130 to be confiscated under the Proceeds of Crime Act.
Mr Corfield said it was too early to say what the outcome with regards to creditors would be, but he would be looking for offers for the company's available assets.
Ron Burkle said in a statement that the move made sense for Yucaipa, which has been looking at available assets in the sector.
The Company currently operates at 25 to 30 percent capacity and plans to capitalize on this capacity as well as the available assets during the pro forma period.
A spokesman at Valero said the company has stated previously that it would be interested in looking at available assets in Europe but he declined to comment on the report.
The bank said deposits created in relation to settlement of prior debts before maturity are excluded and that it has issued a bond collateralised on its available assets in consideration of the transfer.

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