Unrestricted Net Assets

What are 'Unrestricted Net Assets'

Unrestricted net assets are a group of items owned by the government with commercial or exchange value that have no external restrictions regarding their use or function. Unrestricted net assets appear in government accounting and are government-owned assets that can be utilized for any decided-upon purpose. This is in contrast to restricted net assets that are assigned to specific purposes.

BREAKING DOWN 'Unrestricted Net Assets'

Government accounting includes the principles and procedures used by local, state and federal governments for accounting purposes. Rules are established by the National Council on Governmental Accounting. Assets of local, state and federal governments are typically restricted to specific uses and purposes, however, unrestricted net assets fall outside this limitation.

RELATED TERMS
  1. Unrestricted Cash

    Monetary reserves that are not tied to a particular use. Unrestricted ...
  2. Restricted Asset

    Money or other items of value received by or promised to an organization, ...
  3. Restricted Fund

    A reserve of money that can only be used for specific purposes. ...
  4. Government-Owned Property

    Assets owned by federal, state or local governments. This may ...
  5. Asset Specificity

    The use of a capital good to a narrow purpose. Asset specificity ...
  6. Restricted Cash

    Monies earmarked for a specific purpose and therefore not available ...
Related Articles
  1. Economics

    What is Restricted Cash?

    Restricted cash is cash that’s not available for a company to use immediately. It’s earmarked for some specific purpose.
  2. Fundamental Analysis

    Calculating Return on Net Assets

    Return on net assets measures a company’s financial performance.
  3. Investing Basics

    What's an Asset?

    An asset is a resource with economic value.
  4. Economics

    Explaining Limited Government

    Limited government is a political viewpoint that favors few, if any, government controls on individuals and the economy.
  5. Investing Basics

    What are Government Securities?

    Government securities are debt instruments that governments issue to raise capital.
  6. Savings

    Assessing Bank Assets: Are Your Savings Safe?

    Learn how to determine if your assets are safe or if your bank has spread itself too thin.
  7. Investing Basics

    Explaining Net Tangible Assets

    Net tangible assets is a company’s total assets subtracting both intangible assets (such as goodwill and intellectual property) and total liabilities.
  8. Investing

    2 Stocks Below Net Currrent Asset Value (GEOS, TWMC)

    Investing in net current asset bargains is not easy but it can be very profitable
  9. Investing Basics

    What is a Real Asset?

    A real asset is a physical asset that has value.
  10. Entrepreneurship

    How to Calculate Your Tangible Net Worth

    Your net worth can be calculated with a simple equation.
RELATED FAQS
  1. What are restricted shares?

    Understand what a restricted share is. Learn why a company would issue restricted shares to employees and why an employee ... Read Answer >>
  2. Are stocks real assets?

    Learn why stocks are classified as financial assets, not real assets. Understand the properties that determine whether an ... Read Answer >>
  3. Are current assets liquid or capital?

    Take a deeper look at liquid current assets for businesses and individuals, and learn how they differ from other types of ... Read Answer >>
  4. What types of assets and payments are recorded in the capital account?

    Read a brief overview of the definitions of the capital account, where it is used, and what types of assets and payments ... Read Answer >>
  5. What is an asset?

    An asset is anything of value that can be converted into cash. Assets are owned by individuals, businesses and governments. ... Read Answer >>
  6. How do you account for changes in the market value of various fixed assets?

    Understand how to account for changes in the fair market value of a company's fixed assets. Learn what accounting methods ... Read Answer >>
Hot Definitions
  1. Law Of Demand

    A microeconomic law that states that, all other factors being equal, as the price of a good or service increases, consumer ...
  2. Cost Of Debt

    The effective rate that a company pays on its current debt. This can be measured in either before- or after-tax returns; ...
  3. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  4. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  5. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  6. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
Trading Center