A long-term intangible long-term assets, such as trademarks and patents that a firm owns and uses in the production of its income and is not expected to be consumed or converted into cash.
The cash receipts or net income from one or more assets for a given period, reckoned after taxes and other disbursements, and often used as a measure of corporate worth.
The cycle of cash inflows (income) and cash outflows (expenditures) determines the business' solvency.