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new capital asset

Defined in 1 place of the United States Code.

Definitions.—In this section, the term "new capital asset" means—

(1) an acquisition program that does not have an approved acquisition program baseline; or

(2) the acquisition of a capital asset in excess of the number included in the approved acquisition program baseline.

Source

In this section, the term “new capital asset” means—

(1) an acquisition program that does not have an approved acquisition program baseline; or

(2) the acquisition of a capital asset in excess of the number included in the approved acquisition program baseline.

Source