### Question
How is the term business assets defined?


### Answer
The term **business assets** is defined in *20 U.S.C. § 1087vv* as the following:

> property that is used in the operation of a trade or business, including real estate, inventories, buildings, machinery, and other equipment, patents, franchise rights, and copyrights

#### Citation:
  - *20 U.S.C. § 1087vv*
  - Heading: **CHAPTER 28-HIGHER EDUCATION RESOURCES AND STUDENT ASSISTANCE > SUBCHAPTER IV-STUDENT ASSISTANCE > Part E-Need Analysis**

