STRATEGIC ASSET Definition

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STRATEGIC ASSET, in relation to the assets held by a legal entity, means an asset or group of assets that the entity needs to retain if the entity is to maintain the entitys capacity to achieve or promote any outcome that the entity determines to be important to the current or future well-being of the entity.

Learn new Accounting Terms

IRS is Internal Revenue Service; also see INTEREST RATE SWAP.

LIVRE is a currency of Lebanon

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