Glossary
With over 200 terms in both English and French, our M&A Dictionary is designed to help you better understand the key words and concepts related to the sale oe purchase of a business in Canada.
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Redundant asset
« Back to Glossary IndexCategory: Accounting and Finance
An asset that is no longer needed or useful to a business, and its continued ownership may result in inefficiencies or unnecessary costs. Redundant assets can arise due to changes in business operations, technological advancements, or shifts in market demand. These assets may include tangible items like equipment, machinery, or facilities, as well as intangible assets. When an asset becomes redundant, a company may decide to dispose of or divest the asset through various means, such as selling, scrapping, or repurposing. The goal is typically to streamline operations, reduce costs, and optimize the use of resources.
« Back to Glossary IndexSynonyms:
Non-operating asset
French Translation: