Government Assets
/ˈɡʌvərnmənt ˈæsɛts/
Definitions
- (n.) Property, rights, or resources owned or controlled by a government entity, used to carry out governmental functions.
The government's assets include land, buildings, and infrastructure used for public services.
- (n.) Assets seized or frozen by government authority for legal or regulatory reasons.
The court ordered the forfeiture of government assets linked to illicit activities.
Forms
- government assets
- government asset
Related terms
See also
Commentary
Refers broadly to tangible and intangible items held by government; careful distinction between assets held in proprietary capacity versus sovereign capacity is often necessary.
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.