Intangible
/ɪnˈtæn.dʒə.bəl/
Definitions
- (adj.) Not having a physical presence; incapable of being touched.
Intangible assets like goodwill can significantly add to a company's value.
- (adj.) Not easily defined or measured; abstract.
The contract included protections for intangible benefits such as reputation.
Related terms
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Commentary
Use 'intangible' to describe assets or rights that lack physical substance but have legal or economic value.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.