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Definition: Used asset

National accounts

A used asset is one which has already been acquired by at least one resident or non-resident user, or produced on own account. A used asset will usually be exchanged at less than the price when it was first acquired. It is a synonym for “second-hand asset”.
Organisation for Economic Co-operation and Development (OECD), "Measuring Capital - OECD Manual: Measurement of Capital Stocks, Consumption of Fixed Capital and Capital Services", Annex 1: Glossary of technical terms used in the Manual, Paris, 2001