hidden asset


Also found in: Dictionary, Thesaurus, 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 ?
The Hidden Asset Report' is an independent research publication from Horizon Research Group, which also publishes other well-known independent research products such as the `IPO Value Monitor', `The Contrarian Research Report', `The Intangible Asset Report' and `The Spin-off'.
The Hidden Asset Report' is an independent research publication from Horizon Research Group, which also publishes other well-known independent research products such as the 'IPO Value Monitor', 'The Contrarian Research Report', 'The Intangible Asset Report' and 'The Spin-off'.
In these circumstances offering attractive amnesty schemes to local and foreign Pakistanis could be a good move to declare hidden assets and bring more capital in the country to improve the economy.
Barber's bankruptcy was thrown out because the judge determined that he had hidden assets from creditors.
But a judge accepted there was nothing to prove that Child, of Cardiff, had any other hidden assets.
These nations include countries where US citizens have traditionally 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.
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.
So, it's not enough to know where all the obvious assets are and what their value is, but also knowing if there are hidden assets, as well as their location and value.
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.