Heritage Asset definition

Heritage Asset means any Property classified for the time being as a Heritage Asset in accordance with
Sample 1Sample 2
Heritage Asset is a defined term and means
Sample 1Sample 2
Heritage Asset. The Information Groups in this theme are the principal focus of study and investigation in the heritage sector. They are „what we want to know about‟. In the first edition of MIDAS (1998) the focus was on Monuments (buildings, archaeological remains, wreck sites, find-spots, etc.). MIDAS Heritage reflects changing approaches to the study of material remains of the past. „Heritage Asset‟ has been adopted as an appropriately inclusive heading to embrace landscape-scale areas at one end of the scale, and individual artefacts and ecofacts at the other. The description and recording of the character of these closely related assets remains a core function of inventories using the MIDAS Heritage standard. However, each asset type requires slightly different treatment, reflecting the nature of the asset and professional practices employed in their understanding. Information Groups in this theme are: o Area o Monument o Artefact and Ecofact • Activity: This theme covers things that have happened. However it can also include the recording of plans for future work. A structured record of events relating to a particular Heritage Asset can be used to give context and meaning to the records of heritage asset character. It provides information on „how we know what we know‟ (Investigative Activity, Research and Analysis) or on how a particular Heritage Asset has been managed through time (Heritage Asset Management Activity, Casework and Consultation, Designation and Protection). Historical events, not related to the investigation or recording of an asset, are also covered by MIDAS Heritage, as these may be recorded to provide explanatory context, for example for educational or outreach uses. Most information systems will only cover a few of these different activities. They are separated into distinct Information Groups to allow discussion of key issues and relationships relevant to each Activity. Information Groups within this theme are: o Investigative Activity o Designation and Protection o Heritage Asset Management Activity o Casework and Consultation o Research and Analysis o Historical Event
Sample 1

Examples of Heritage Asset in a sentence

  • A Heritage Asset is defined as a tangible asset with historical, artistic, scientific, technological, geophysical or environmental qualities that is held and maintained principally for its contribution to knowledge and culture.

  • Historical Buildings The only historical building identified as meeting the required definitions of a Heritage Asset is the Wilberforce House Museum, as it is principally held for the purposes of knowledge and culture.

  • However, where the asset serves an operational purpose it is not appropriate to account for it as a Heritage Asset.

  • Recognition and Measurement: Where the Council has information on the cost or value of a Heritage Asset the Council will include that value in its 2017/18 Balance Sheet.

  • A tangible Heritage Asset is a physical asset with historical, artistic, scientific, technological, geophysical or environmental qualities that is held and maintained principally for its contribution to knowledge and culture.

  • The Code of Practice on Local Authority Accounting in the United Kingdom requires Heritage Assets to be carried on an Authority’s balance sheet at valuation (subject to materiality).The Authority recognises one Heritage Asset on its balance sheet.

  • This Code of Ethics has been adopted by Heritage Asset Management, Inc.

  • Taking account of this ‘civic regalia’ has not been recognised as a Heritage Asset in the Balance Sheet.

  • A Heritage Asset is defined as an asset that has a cultural, environmental, historical, natural, scientific, technological or artistic significance, and is held and preserved indefinitely for the benefit of present and future generations.

  • If an investor has held Class A or Class C shares for at least 30 days, the investor may exchange those shares for shares of the corresponding class of any other mutual fund for which Heritage Asset Management, Inc.


More Definitions of Heritage Asset

Heritage Asset means a building, monument, site, place, area or landscape which has been identified by the local planning authority as having heritage interest or is—
Sample 1

Related to Heritage Asset

  • goods vehicle means a motor vehicle constructed or adapted for use for the carriage of goods or burden of any description or a trailer so constructed or adapted;