What term describes the property of a business that is not intended for resale?

The term that describes the property of a business that is not intended for resale is fixed assets. Fixed assets are long-term resources that a company uses in its operations to generate revenue. These assets typically include property, buildings, machinery, and equipment that are expected to have a useful life beyond a single accounting period.

In contrast, current assets are considered short-term resources that can be expected to be converted into cash or used up within one year, such as inventory and accounts receivable. Intangible assets, on the other hand, refer to non-physical assets that derive value from their inherent rights or benefits, like patents or trademarks, which also are not intended for immediate resale. Operational assets generally encompass both fixed and current assets used in the operations of a business but do not specifically describe the non-resale intent of fixed assets.

Therefore, fixed assets are distinctly characterized by their role in long-term operations, aligning directly with the definition provided in the question.