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Tangibility |
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Tangibility Tangibility In law, the ability to be apprehended by the human senses. Many assets have tangibility, including but not limited to, cash, commodities, real estate, and personal property. Some more abstract things also have tangibility, at least in certain circumstances. For example, accounts receivable is a tangible asset for accounting purposes. Tangibility explicitly does not include patents, brands, or intellectual property. An asset must have tangibility in order to be used as collateral on a loan. For example, one may not use a patent as collateral, but may use his/her house. See also: Intangibility, Tangible net worth. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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