Is an asset that when sold at a profit (capital gains) will incur tax. Not all assets fall into this category e.g. your home if you live in it for a period of time will not be taxed when sold but your second and third property when sold will be subject to tax.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms and jargon, and explain them in Plain English. Its very easy to comprehend. Learn to understanding and know your business jargon. This will keep you informed among your peers. Bookmark Your business dictionary.