Public Assets
/ˈpʌblɪk ˈæsets/
Definitions
- (n.) Assets owned collectively by the government or community, used to provide public goods or services.
Public assets such as parks and government buildings are maintained for community use.
Forms
- public assets
Related terms
See also
Commentary
Often distinguished from private assets, public assets require stewardship balancing public benefit and fiscal responsibility.
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.