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legal asset noun[ C ] LAWukus something that a person or company owns and can be used to pay a debt: Legal assets include things such as intellectual property.
Examples of legal asset legal asset In recent years, this legal doctrine has been used by commercial mortgage-backed security servicers and trustees to counter traditionally legalasset protection arrangements between closely related business entities. From Wikipedia
This example is from Wikipedia and may be reused under a CC BY-SA license. We are always looking at balanced legal situations where there is one legalasset and another legalasset and we have to find a balance between them. From Europarl Parallel Corpus - English Assets are divisible into legal assets and equitable assets, and the former class is again divisible into assets real and personal. From Project Gutenberg Legal assets, as has been said, were divided into real and personal assets. From Project Gutenberg These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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