What is another word for legacy asset?

Pronunciation: [lˈɛɡəsi ˈasɛt] (IPA)

Legacy assets are assets that have been inherited from the past and are still in use today. However, in today's world, legacy assets are often outdated, antiquated, and no longer relevant. To overcome this problem, there are several synonyms for the word "legacy asset" that can be used. Some of these synonyms include obsolete assets, old-fashioned assets, outdated assets, vintage assets, and heritage assets. By using these synonyms, businesses can indicate that they have assets that have been in use for an extended period but have been upgraded to keep up with modern-day technologies. This not only adds value to the assets but also indicates a company's willingness to adapt to changing times.

What are the hypernyms for Legacy asset?

A hypernym is a word with a broad meaning that encompasses more specific words called hyponyms.

Related words: business succession planning, succession plan, estate planning, retirement plan, liquidation plan, succession planning software, succession planning software for business, family business succession plan

Related questions:

  • What is a legacy asset?
  • How do you manage a legacy asset?
  • How do you transfer a legacy asset to your children or family?
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