hidden asset


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hidden asset

n. an item of value which does not show on the books of a business, often excluded for some improper purpose such as escaping taxation or hiding it from a bankruptcy trustee. However, there may be a legitimate business reason for not including all assets on a profit and loss statement.

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9million in six years and had hidden assets of pounds 678,000.
Counsel and I believe hidden assets exceed $500,000,000.
Tifford, the Company's lead attorney, has already begun to identify hidden assets which the defendants and their cohorts used in their manipulation schemes, and which are expected to be substantial.
He added that 15,000 invoices and receipts discovered at Wilson's home in Northolt, West London, led him to believe there was no evidence of hidden assets.
Gabelli Value (OTC:GABVX): This fund is vintage Mario Gabelli, who built a reputation by finding companies with hidden assets that were soon recognized by potential suitors.
Peterson has been able to track hidden assets to the Cayman Islands as well as across the United States for the federal government and for people as well known as Los Angeles' own Marvin Davis.
Investigations to find hidden assets have proved unsuccessful.
This new technology is unlocking hidden assets and resources in our call center," said Linda Salter, manager, customer assistance, AT&T UCS.
Metro Risk also provides a range of investigative services, including e-evidence, protection of intellectual property and the tracing of seeming hidden assets.
The process of locating hidden assets is a component of forensic accounting, a fairly new discipline for CPA firms.
and then pronounced that his hidden assets were a mere figment of their collective imagination.
Kato's lawyer noted that Kato cooperated with authorities and cited a letter from a court-appointed receiver that said he had volunteered the location of hidden assets.