Asset Swap: An interest rate swap used to alter the cash flow characteristics of an institution's assets in order to provide a better match with its liabilities.

 

Related Words

Asset Swap: An interest rate swap used to alter the cash flow characteristics of an institution's assets in order to provide a better match with its liabilities.

Noncurrent Asset: Any asset that is expected to be held for the whole year, not sold or exchanged, such as real estate, machinery, or a patent.

Nonfinancial Assets: Physical assets such as real estate and machinery.

Non-Current Assets: Assets that are not convertible to cash within one year in the normal course of business. Property and Goodwill are examples of non-current assets. See also current assets.

Net Tangible Assets Per Share: All of a company's assets except patents, trademarks, and other intangible assets minus all liabilities and the par value of preferred stock, divided by the number of shares outstanding.

Net Quick Assets: Cash, marketable securities, and accounts receivable less current liabilities.

Nonoperating Assets: Investment and other assets not used in a business but held to earn a return separate from operations.

Net Current Assets: The difference between current assets and current liabilities, also known as working capital.

Nonperforming Asset: An asset that is not effectively producing income, such as an overdue loan.

Other Current Assets: Value of noncash assets, including prepaid expenses and accounts receivable, due within one year.