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?"
The point is significant for both the existence and the legitimacy of the invisible Constitution.
HBO Asia announced today that principal photography for its latest Asia Original, "Invisible Stories," has begun for the six-episode half-hour drama series.
Summary: The report features the unique and salient factors that are likely to significantly impact the development of the invisible orthodontics market during the forecast period.
To raise awareness for shelter adoptions and say "thank you" to staff and volunteers who dedicate time to these animals year-round, Invisible Fence' Brand is hosting a national Shelter Donation Giveaway on Facebook where the public can nominate their local shelter for a chance to win a $3,000 donation.