PROPRIETARY ASSET Definition

Bookmark and Share

PROPRIETARY ASSET, usually, is any asset that is considered in the realm of intellectual property that should not be disclosed, e.g., all information having to do with clients/customers, including but not limited to names, addresses, telephone numbers and other contact information, as well as any other personal or business related information, as it may exist from time to time is a valuable, and unique proprietary asset to a company. Proprietary assets would also include trade secrets and undisclosed inventions.

Learn new Accounting Terms

SALES is the total amount sold within a stipulated time period, usually 12 months. Sales is usually expressed in monetary terms but can also be in total units of stock or products sold.

DECRETION is a decrease. See also ACCRETION.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.