Admitted Assets

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Definition: Admitted Assets

Admitted Assets
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Full Definition of Admitted Assets

The assets of an insurance company that are permitted by state law to be included in the financial statements of the company. Even though each state has discretion over its own insurance laws, there is a general consensus by which various assets should be suitable to use then determining the solvency of the insurance company.

Cite Term

To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

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https://payrollheaven.com/define/admitted-assets/
Modern Language Association (MLA):
Admitted Assets. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
April 20, 2024 https://payrollheaven.com/define/admitted-assets/.
Chicago Manual of Style (CMS):
Admitted Assets. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/admitted-assets/ (accessed: April 20, 2024).
American Psychological Association (APA):
Admitted Assets. PayrollHeaven.com. Retrieved April 20, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/admitted-assets/

Definition Sources

Definitions for Admitted Assets are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.