Long-Term Assets
1. Reported on the balance sheet, it's the value of a company's property, equipment and other capital assets, less depreciation.
2. A stock, bond or other asset that you plan on holding in your portfolio for a lengthy period of time.
Investopedia Commentary
Be aware that these are usually recorded at the price at which they were purchased and so do not always reflect the current value of the assets.
Related Links
Advanced Financial Statement Analysis
Reading The Balance Sheet
See also: Assets, Balance Sheet, Capitalize, Core Holding, Depreciation, Long-Term Liabilities