intangibility

Intangibility

The state in which an asset 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. Intangibility explicitly does 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

intangibility

a characteristic of most SERVICES (for example, window cleaning, legal advice etc.) that reflects the inability of a customer to see, touch, taste or smell the service. Contrast GOOD.

Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson