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 periodicals archive ?
At the same time, I did not want to exclude any other important invisible assets that have not been identified by previous studies.
Even though there were key questions to ask about elected officials' leadership, invisible assets, and the rebuilding process, some questions were added depending on responses from the key informants or to clarify some responses.
Now, if you believe that the Victorian economy was principally successful because it made things (as opposed to shifting invisible assets around the Stock Exchange), then the BWC may come as a surprise.
Even allowing for the blocking and confiscation of British invisible assets (and receipts) overseas by the Axis, vagueness and uncertainty surrounding this sector had been a feature of Government for some years and the subsequent inadequate realisation of the potential of reparations in the invisible exports account, merely reflected the prevailing attitudes.
Building invisible assets is particularly significant if technologies are, indeed, more human or organization-embedded (Badaracco, 1991; Clark, 1989; Dosi, 1988) and thus complement or supplant traditional approaches to global competition and strategy formulation.
Mobilizing invisible assets. Cambridge, MA: Harvard University Press.