Legacy Asset

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Dictionary Says

Definition of 'Legacy Asset'

An asset that has been on the company's books for a long period of time. This type of asset has generally decreased in value to the point of a loss for the company. The term comes from the literal meaning of outdate or obsolete. 
Investopedia Says

Investopedia explains 'Legacy Asset'

While these assets are generally considered a hinderance, it may be a good time to take another look at them in times of economic downturn. It is possible that they may have new value in a different time or economy. Conversely, it may also be a good time to sell the assets at a reduced price, simply to earn enough money to remain afloat during a recession.

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'Legacy Asset'

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    ... Tickers in this Article: EOG, HK, NFG, SFY. Swift Energy (NYSE:SFY) will continue
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  • The Alberta Bakken

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    ... 94.75 sections on the Blood Tribe Reserve to expand their asset base to ... have entered
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    ... reality the portfolio now has a lifetime horizon of the legacy where the ... The Bottom
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    ... product contains the tax-deferred asset accumulation potential of equities, the
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    ... same asset allocation mistakes over and over again. Your time horizon is not the
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