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fixed asset

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noun

any long-term asset, as a building, tract of land, or patent.

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Also called capital asset.

Origin:
1895–1900

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2012.
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Fixed asset is always a great word to know.

So is lollapalooza. Does it mean:

an extraordinary or unusual thing, person, or event; an exceptional example or instance.

a fool or simpleton; ninny.

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