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 ?
Three unanimous and two prevailing themes emerged from qualitative methods and shed light on the town's invisible assets and the rebuilding process.
Because the capitals are very elusive and are not identified by various social indices, they were labeled as invisible assets in this research.
Probing into capital operation and helping the appreciation of the visible and invisible assets
enterprises on the awareness of law related to invisible assets," he said.
Gillis will discuss the importance of quantifying invisible assets, such as company reputation, employee trust, institutional culture and brand equity.