Hidden asset
From Wikipedia, the free encyclopedia
In finance, a hidden asset is an asset that is not shown on a balance sheet.[1] An example of such an asset is the US $15 billion that United Airlines' frequent flyer program, Mileage Plus, was estimated to be worth when it filed for Chapter 11 bankruptcy.[2]
In divorce cases, a hidden asset is a property that is hidden by one spouse from the other. It is more difficult to discover than to conceal.[3]
[edit] References
- ^ "Hidden asset definition". InvestorWords.com. http://www.investorwords.com/2303/hidden_asset.html. Retrieved on 2007-01-21.
- ^ "United Airlines' undisclosed $15 billion asset". The Travel Insider. 24 June 2005. http://www.thetravelinsider.info/2005/unitedpileofmoney.htm. Retrieved on 2007-01-21.
- ^ "Discovery and Treatment of Hidden Assets in Divorce Cases". Zerman & Mogerman, LLC. http://www.divorcenet.com/states/missouri/mo_art09. Retrieved on 2007-01-21.
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