Intangible Asset
/ɪnˈtæn.dʒə.bəl ˈæs.et/
Definitions
- (n.) An asset that lacks physical substance but holds economic value, such as intellectual property, goodwill, or trademarks.
The company reported its patents as intangible assets on the balance sheet.
Forms
- intangible assets
Related terms
See also
Commentary
Intangible assets are crucial in accounting and legal contexts, particularly for valuation and intellectual property rights; careful identification distinguishes them from tangible assets.
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.