intangible asset

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Intangible asset

A legal claim to some future benefit, typically a claim to future cash. Goodwill, intellectual property, patents, copyrights, and trademarks are examples of intangible assets.

Intangible Asset

In accounting, any asset that cannot be seen or touched. Intangible assets include things like patents and brand recognition, which add value to a company, but are difficult to price. Intangible assets explicitly do not include actual things, such as widgets, a widget factory, or the land upon which the widget factory is built. Because of the difficulty in pricing, intangible assets are sometimes not included in a company's valuation. However, not including them may not express the company's true value. See also: Tangible assets.

intangible asset

An asset such as a patent, goodwill, or a mining claim that has no physical properties. Since intangible assets are often difficult to value accurately, such assets when included on a corporate balance sheet may have a true value significantly different from the dollar amounts indicated there. Compare tangible asset.
References in periodicals archive ?
Freddie Highmore (Charlie and the Chocolate Factory) stars as 10-year-old Arthur whose grandfather disappeared four years ago - leaving behind nothing but stories about an invisible people less than half an inch tall.
We're the result of our record collections,'' said Invisibles guitarist Jose Luis Pardo, 25.
Peacock brings over 35 years of experience as a life sciences executive to Invisible Sentinel, and has held executive leadership roles with some of the most successful life science companies to have emerged from the region.