State Asset
/ˈsteɪt ˈæsɛt/
Definitions
- (n.) Property or resources owned by a government or its agencies, used for public purposes or managed as part of public wealth.
The sale of state assets requires legislative approval in many jurisdictions.
Forms
- state asset
Related terms
See also
Commentary
The term primarily refers to government-owned property and should be distinguished from private assets; legislative contexts often dictate management and disposal rules.
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.