State Assets
/ˈsteɪt ˈæsɛts/
Definitions
- (n.) Property or resources owned and controlled by a governmental entity, held for public use or benefit.
The government seized the state assets to fund the national emergency response.
Forms
- state assets
- state asset
Related terms
See also
Commentary
The term typically refers to assets owned by a government, differing from private or corporate assets; careful drafting distinguishes these to clarify ownership and usage rights.
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.