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]

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[edit] References

  1. ^ Hidden asset definition. InvestorWords.com. Retrieved on 2007-01-21.
  2. ^ "United Airlines' undisclosed $15 billion asset", The Travel Insider, 24 June 2005. Retrieved on 2007-01-21. 
  3. ^ Discovery and Treatment of Hidden Assets in Divorce Cases. Zerman & Mogerman, LLC. Retrieved on 2007-01-21.