wasting asset

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Also found in: Financial.

wasting asset

n.
An asset, such as an oil well or an options contract, that declines in value over time.
American Heritage® Dictionary of the English Language, Fifth Edition. Copyright © 2016 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

wasting asset

n
(Accounting & Book-keeping) an unreplaceable business asset of limited life, such as a coal mine or an oil well
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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