Intangible Asset

Importance: 0.57

Is a company: no

Is a proper noun: no

Synonyms

  • intangible property
  • legal intangibles
  • competitive intangibles
  • intangible personal property

Definition of Intangible Asset

  1. An asset such as a patent, permit, computer program, or claim that has no physical properties. It is difficult to assign values to these types of assets.

Related Terms and Acronyms

  • Appraised Value Definition,
    • An educated opinion of how much a property is worth.
  • Tangible Personal Property (TPP) Acronym,
    • Assets other than real estate that physically exist. Business equipment and vehicles are tangible personal property whereas stock certificates and franchises only represent value and are therefore intangible property.
  • Market Value (MV) Acronym, Important,
    • Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
  • Intangible Property Definition,
    • Property that does not have value itself, but represents something else. Stocks, bonds and franchises are examples of intangible property. Business furniture and equipment are examples of tangible personal property.
  • Full Market Value Definition,
    • In reference to property taxes, usually refers to the tax rate applied to 100 percent of the property's value. Also full cash value.
  • Asset Definition,
    • Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, and so on.
  • Property Insurance Definition,
    • Insurance that provides coverage for damages to property from a number of perils.
  • Fair Market Value (FMV) Acronym, Very Important,
    • The highest price that a buyer would pay for a property and the lowest price a seller is willing to accept.
  • Liquid Assets Definition,
    • Cash and other property that can be converted quickly and easily into cash.
  • Personal Property (PP) Acronym,
    • Property that is movable and not permanently attached to a dwelling or structure.
  • Illiquid Asset Definition,
    • An asset that cannot be sold easily or in a timely manner for its full value.
  • Valuation Definition,
    • The estimation of a property's price value through an appraisal.
    • The process of finding the worth of an asset or business.
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