Term:
Used asset
Definition:
A used asset is one which has already been acquired by at least one resident or non-resident user, or produced on own account. A used asset will usually be exchanged at less than the price when it was first acquired. It is a synonym for “second-hand asset
Domain:
Economics & National Accounts
Source:
Measuring Capital: OECD Manual, Annex 1 Glossary of Technical Terms Used in the Manual, OECD, 2001
