Hidden asset

Hidden asset

In finance, a hidden asset is an asset that is not shown on a balance sheet. [cite web | url=http://www.investorwords.com/2303/hidden_asset.html | title=Hidden asset definition | publisher=InvestorWords.com | accessdate=2007-01-21] An example of such an asset is the US $15 billion that United Airlines' frequent flyer program, Mileage Plus, was estimated to be worth when it filed for Chapter 11 bankruptcy. [cite news | url=http://www.thetravelinsider.info/2005/unitedpileofmoney.htm | title=United Airlines' undisclosed $15 billion asset | publisher=The Travel Insider | date=24 June 2005 | accessdate=2007-01-21]

In divorce cases, a hidden asset is a property that is hidden by one spouse from the other. It is more difficult to discover than to conceal. [cite web | url=http://www.divorcenet.com/states/missouri/mo_art09 | title=Discovery and Treatment of Hidden Assets in Divorce Cases | publisher=Zerman & Mogerman, LLC | accessdate=2007-01-21]

References


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Look at other dictionaries:

  • hidden asset — n. An asset recorded on a company’s books at much less than its market value. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008. hidden asset An item of valu …   Law dictionary

  • hidden asset — Asset carried on books at a substantially reduced or understated value; its market value being greater than its book value …   Black's law dictionary

  • hidden asset — Asset carried on books at a substantially reduced or understated value; its market value being greater than its book value …   Black's law dictionary

  • hidden asset — /ˌhɪd(ə)n æset/ noun an asset which is valued much less in the company’s accounts than its true market value …   Dictionary of banking and finance

  • asset — as·set / a ˌset, sət/ n [back formation from assets, singular, sufficient property to pay debts and legacies, from Anglo French asetz, from Old French asez enough] 1: the entire property of a person, business organization, or estate that is… …   Law dictionary

  • asset — noun 1 useful person/thing ADJECTIVE ▪ big, considerable, great, important, invaluable, precious, priceless, real, tremendous, useful …   Collocations dictionary

  • hidden — adj. Hidden is used with these nouns: ↑agenda, ↑asset, ↑assumption, ↑camera, ↑cause, ↑compartment, ↑corner, ↑cost, ↑curriculum, ↑danger, ↑depth, ↑desire …   Collocations dictionary

  • hidden reserve — Funds held in reserve but not disclosed on the balance sheet (they are also known as off balance sheet reserves or secret reserves). They arise when an asset is deliberately either undisclosed or undervalued. Such hidden reserves are permitted… …   Accounting dictionary

  • hidden reserve — Funds held in reserve but not disclosed on the balance sheet (they are also known as off balance sheet reserves or secret reserves). They arise when an asset is deliberately either undisclosed or undervalued. Such hidden reserves are permitted… …   Big dictionary of business and management

  • Transformative asset — Transformative assets are assets that may provide resources for social and economic mobility. Examples of transformative assets include homeownership and inheritances. These assets enable families to have access to resources or to achieve a… …   Wikipedia

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