Federal Asset
/ˈfɛdərəl ˈæsɛt/
Definitions
- (n.) Property or resources owned or controlled by the federal government, including tangible and intangible assets.
The government seized the federal asset as part of the court order.
Forms
- federal asset
- federal assets
Related terms
See also
Commentary
In legal drafting, distinguishing federal assets from state or private assets is critical for jurisdictional and regulatory clarity.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.