<business> The process whereby a large organisation collects and maintains a comprehensive list of the items it owns such as hardware and software. This data is used in connection with the financial aspects of ownership such as calculating the total cost of ownership, depreciation, licensing, maintenance, and insurance.
Last updated: 1997-03-30
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Nearby terms: Assembly Language for Multics « assertion « ASSET « asset management » Asset Source for Software Engineering Technology » assigned numbers » assignment