Definition of "Wasting asset"

Shelly-Ann Welch real estate agent
Shelly-Ann Welch, Real Estate Agent The Listing House

Natural resource, such as oil, coal, and timber, having a limited useful life and subject to depletion. Such assets decrease in worth primarily due to the extraction of the valued commodity held by these assets.

Have a question or comment?
We're here to help.

*** Your email address will remain confidential.


Popular Real Estate Terms

Popular Real Estate Questions