🔤 Ad Referendum Asset ✨
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URDU
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Roman Urdu:
mushroot manzoori par mabni asasa, tasdeeq ke zair-e-iltiwa asasa
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ENGLISH
📚noun phrase
ad referendum asset
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PRONUNCIATION
Standard: /ˌæd ˌrɛfəˈrɛndəm ˈæsɛt/
Phonetic: /ad ref ur en dum as et/
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DEFINITION
an asset whose valuation, acquisition, or transfer is subject to final approval or confirmation
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EXAMPLE SENTENCES
The auditors categorized the property as an ad referendum asset pending title verification.
Ownership of the ad referendum asset will transfer once the board approves.
The firm recorded the acquisition as an ad referendum asset in quarterly books.
Bankers evaluated the risks of holding an ad referendum asset during restructuring.
Legal disputes held the commercial building as an ad referendum asset.
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SYNONYMS
provisional asset conditional asset pending asset
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ANTONYMS
absolute asset unencumbered asset finalized property
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