legal asset
noun[C]
LAWukussomething that apersonorcompanyownsand can be used topayadebt:
Legalassetsincludethings such asintellectualproperty.
Examplesoflegal asset
legal asset
In recent years, this legal doctrine has been used by commercial mortgage-backed security servicers and trustees to counter traditionallylegalassetprotection arrangements between closely related business entities.
From
This example is from Wikipedia and may be reused under a CC BY-SA license.
Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license.We are always looking at balanced legal situations where there is onelegalassetand anotherlegalassetand we have to find a balance between them.
FromEuroparl Parallel Corpus - English
Assets are divisible into legal assets and equitable assets, and the former class is again divisible into assets real and personal.
FromProject Gutenberg
Legal assets, as has been said, were divided into real and personal assets.
FromProject Gutenberg
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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