Contra asset - Definition from Investor Dictionary - Define m...
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Saved by 1 people (0 private), first by anonymouse user on 2007-05-14
- Pianoer on 2007-05-14 - Tags contra-asset , finance
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An item that is entered on the asset side of an accounting ledger even though the item has a credit (negative) balance. For a thrift institution, contra assets include such items as deferred income and loans in process.
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