The defensive military alliance formed in 1949 by ten european countries. WARSAW PACT A military alliance formed in 1955 by the Soviet Union Netherlands.
What is a 'Tangible Asset'. A tangible asset is an asset that has a physical form. Tangible assets include both fixed assets, such as machinery, buildings and land, and current assets, such as inventory. The opposite of a tangible asset is an intangible asset. Nonphysical assets, such as patents, trademarks, copyrights, goodwill and brand recognition, are all examples of intangible assets.
A fixed asset is an item that is used by a company in the operation of business. These items are usually expensive in nature and do not include inventory for resale or repair or spare parts inventory. Typically, an item is not considered to be an asset to be capitalized unless it has a useful life of at least one year.