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FICTITIOUS ASSET

\fɪktˈɪʃəs ˈasɛt], \fɪktˈɪʃəs ˈasɛt], \f_ɪ_k_t_ˈɪ_ʃ_ə_s ˈa_s_ɛ_t]\

Definitions of FICTITIOUS ASSET

1910 - Black's Law Dictionary (2nd edition)

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An asset made by accounting tha is not tangible but represents cash. It creates a fake asset that is written off ASAP.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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