Legacy Asset

An asset that has been on the company's books for a long period of time. This type of asset has generally decreased in value to the point of a loss for the company. The term comes from the literal meaning of outdate or obsolete.

While these assets are generally considered a hinderance, it may be a good time to take another look at them in times of economic downturn. It is possible that they may have new value in a different time or economy. Conversely, it may also be a good time to sell the assets at a reduced price, simply to earn enough money to remain afloat during a recession.


Investment dictionary. . 2012.

Look at other dictionaries:

  • legacy — leg·a·cy / le gə sē/ n pl cies [Medieval Latin legatio, from Latin legare to bequeath]: a gift of property by will; specif: a gift of personal property by will: bequest see also ademption compare devise conjoint leg …   Law dictionary

  • legacy — /leg euh see/, n., pl. legacies. 1. Law. a gift of property, esp. personal property, as money, by will; a bequest. 2. anything handed down from the past, as from an ancestor or predecessor: the legacy of ancient Rome. 3. an applicant to or… …   Universalium

  • Public-Private Investment Program for Legacy Assets — On March 23, 2009, the United States Federal Deposit Insurance Corporation (FDIC), the Federal Reserve, and the United States Treasury Department announced the Public Private Investment Program for Legacy Assets. The program is designed to… …   Wikipedia

  • Troubled Asset Relief Program — TARP redirects here. For other uses, see Tarp. This article is about the Treasury fund. For the legislative bill and subsequent law, see Public Law 110 343. For the legislative history and the events leading to the law, see Emergency Economic… …   Wikipedia

  • Marathon Asset Management — Type Private Industry Hedge fund, distressed securities, investment management Founded …   Wikipedia

  • demonstrative legacy — see legacy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. demonstrative legacy …   Law dictionary

  • general legacy — ➔ legacy * * * general legacy UK US noun [C or U] LAW ► an amount of money or other asset that is given to someone out of the general assets of a person who has died, rather than a particular named object or asset: »General legacies have priority …   Financial and business terms

  • specific legacy — see legacy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. specific legacy …   Law dictionary

  • general legacy — see legacy Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. general legacy …   Law dictionary

  • Public-Private Investment Program For Legacy Assets - PPIPLA — A program designed as a result of the implementation of the trouble asset relief program (TARP). It is designed to help alleviate some of the strain caused by the existence of legacy assets on banks balance sheets. With too many of these assets,… …   Investment dictionary

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