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hidden asset

   Also found in: Dictionary/thesaurus, Financial, Wikipedia 0.01 sec.

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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The message to American taxpayers is clear: the era of bank secrecy and hidden assets is over," Deputy Attorney General David Ogden said in announcing the results with the Internal Revenue Service, the country's tax collector.
US says 14,700 declare foreign accounts under amnesty by AFP / AFP American Edition
The message to American taxpayers is clear: the era of bank secrecy and hidden assets is over," Deputy Attorney General David Ogden said in announcing the results with the Internal Revenue Service, the country's tax collector.
US says 14,700 declare foreign accounts under amnesty by AFP / AFP Global Edition
The judge ruled he must have hidden assets - because he would not have spent every penny of the cash.
Drug smuggler is told to pay pounds 500k; COURT: Judge says ... by Birmingham Mail (England)
 
 
 
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