hidden asset

(redirected from hidden assets)
Also found in: Financial, Wikipedia.

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.

Mentioned in ?
References in periodicals archive ?
ISLAMABAD -- Central Information Secretary PTI, Shireen Mazari, said there are no hidden assets of Pakistan TehreekeInsaf (PTI) Chairman Imran or in anyone else's name.
If Ricksen is found to have hidden assets from her, he will lose them under Dutch law.
These nations include countries where US citizens have traditionally hidden assets.
He was the first relative of the former president to stand trial since prosecutors restarted efforts to reclaim hidden assets of the former military dictator this year.
He said: "I am entirely satisfied that this is a case where there are hidden assets.
Within every company, there are numerous hidden assets - some more valuable than others, but for the most part the most important asset lies in the management team that will remain with the business post-deal.
For the council is a repository of hidden assets greater than those of many landed families.
In fact it has emerged that this whole debacle has cost the State [euro]80million in legal fees alone - without even clawing back a single cent from the Quinns' hidden assets.
Corso & Rhude attorneys work hard every day to uncover such hidden assets in Arizona divorce cases.
Mike Smallman insisted he had no hidden assets, as alleged by prosecutors.
A survey of leading family law firms in the North west revealed that 94% of lawyers believed there were hidden assets - including cash, property, savings and shares - in nearly a third of their cases.
In a survey of the country's leading family law firms, 94 per cent of lawyers said they believed there were hidden assets - including cash, property, savings and shares - in three out of ten of their cases, reports the Daily Mail.