Movable asset definition

Movable asset means any tangible or intangible asset;
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Movable asset means any machinery, tools, vehicles, supplies, trade fixtures or any other Infrastructure, Plantation or Processing Factory item that can be removed without causing material damage to the Project Area or any permanent structures thereon.
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Movable asset means a tangible or intangible asset, other than immovable property;
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Examples of Movable asset in a sentence

  • Unless the Government notifies the Concessionaire that it disagrees with the Concessionaire’s fair market value estimates for a Movable asset (and related intellectual property) included in the Property List at or prior to the time it notifies the Concessionaire of its desire to acquire such asset, the Concessionaire’s valuation shall be final.


More Definitions of Movable asset

Movable asset means any movable property and includes:
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Related to Movable asset

  • movable property means property of every description except immovable property;

  • depreciable asset means any tangible personal property or structural improvement to real property that—

  • immovable property shall have the meaning which it has under the law of the Contracting State in which the property in question is situated. The term shall in any case include property accessory to immovable property, livestock and equipment used in agriculture and forestry, rights to which the provisions of general law respecting landed property apply, usufruct of immovable property and rights to variable or fixed payments as consideration for the working of, or the right to work, mineral deposits, sources and other natural resources; ships, boats and aircraft shall not be regarded as immovable property.

  • Intangible Asset means any asset (either as a single or as a batch) without physical substance but which is identifiable and controlled through custody or legal rights, for example, most commonly (but not limited to) software licences, quotas, patents, copyrights, franchises and trademarks purchased, donated or developed together, which cost more than the Capitalisation Threshold; and has an economic life of twelve (12) Months or more; and is purchased, developed or maintained wholly or partially using the Grant;

  • rateable property means property on which the municipality may in terms of Section 2 of the Property Rates Act 2004 levy a rate, but excluding property fully excluded from the levying of rates in terms of Section 17 of that Act.