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 and, as a result, is more difficult to discover during divorce proceedings.[3]
References
- ^ "Hidden asset definition". InvestorWords.com. Retrieved 2007-01-21.
- ^ "United Airlines' undisclosed $15 billion asset". The Travel Insider. 24 June 2005. Retrieved 2007-01-21.
- ^ Friedman, James T.; Painter, Pamela; Powell, Enid L. (2011). The Divorce Handbook. Random House Publishing Group. ISBN 0307765229.
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