Hidden asset

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, MileagePlus, 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]

References

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