Define: Wasting Asset

Business, Legal & Accounting Glossary

Definition: Wasting Asset

Quick Summary of Wasting Asset

A wasting asset is a property or security that has a limited life and loses value over its life.

What is the dictionary definition of Wasting Asset?

Dictionary Definition

A wasting asset is an asset that has a finite lifespan; for example, a lease loses value throughout it’s life and become worthless once the lease terminates.

This also applies to such assets as plant and/or machinery, which wear out during their lifetime and therefore lose their value over time.


Examples of Wasting Asset in a sentence

Due to the finite term of the license it is now classified as a wasting asset.
The sale of the painting was exempt from capital gains tax; as a result of it being deemed a “wasting asset”.

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.

Page URL
Modern Language Association (MLA):
Wasting Asset. Payroll & Accounting Heaven Ltd. April 09, 2020
Chicago Manual of Style (CMS):
Wasting Asset. Payroll & Accounting Heaven Ltd. (accessed: April 09, 2020).
American Psychological Association (APA):
Wasting Asset. Retrieved April 09, 2020, from website:

Definition Sources

Definitions for Wasting Asset 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: 7th July, 2019