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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

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.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in classic literature ?
"So," said Nicholl, "there is a hemisphere, that invisible hemisphere which is very ill supplied, very ill treated, by nature."
Certainly, the invisible orb was there , perhaps only some few miles off; but neither he nor his companions could see it.
It was his invisible dog, or rather, what had been his invisible dog, for it was now plainly visible.
He claimed that the thing, whatever it was, was invisible, that with his own eyes he had seen that it was invisible; wherefore his tearful wife and daughters shook their heads, and wherefore he but waxed the more violent, and the gardener and the coachman tightened the straps by another hole.
All I could see was the blotch of shadow and the rainbow flashes, the dust rising from the invisible feet, the earth tearing up from beneath the straining foot-grips, and the wire screen bulge once or twice as their bodies hurled against it.
There must be somebody pretty near her; he must be mentally invisible."
What is the usual get-up of a mentally invisible man?"
CHANTELLE''S new Les Invisibles collection has an invisible bra for every outfit.
VISIONARY director Luc Besson returns with the inventive and magical family adventure Arthur and the Invisibles. And we have a copy to be won.
Beguet, Veronique, 2006, Des entites invisibles qui font vivre les humains : Une approche cosmocentrique de la differenciation, de la preseance et leur articulation l'egalitarisme chez les iban de Sarawak (Malaysia).