[1] The term is found in several contexts: 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.
[6] The term 'heritage asset' is used in the UK to describe a range of geographical components of the historic environment which have been positively identified as having a degree of significance meriting consideration in planning decisions.
[10] Two-thirds of all heritage assets are said to be privately owned, which reflects the fact that they are often small houses and local sites, rather than just big public buildings.
The UK Highways Agency has developed a series of Cultural Heritage Assets Management Plans (CHAMP) which are designed to protect and enhance the historic environment surrounding the Strategic Road Network.
[15] The term is more frequently used in Canada and Australia where it refers to works of art,[16] rituals, ceremonies and aural heritage (i.e. stories and folklore).