intangible property

Definitions

Assets that lack physical substance, such as patents, trademarks, copyrights, and goodwill.

Legal rights or interests in non-physical items that possess value and can be owned or transferred.

Examples

The company's valuation increased significantly after they successfully registered their intangible property, including several key patents and trademarks.

Unlike physical assets such as machinery or inventory, intangible property like brand reputation is often difficult to quantify on a balance sheet.

Legal disputes regarding the theft of intangible property have become increasingly common in the digital age, particularly concerning proprietary software code.

Synonyms

intellectual property incorporeal property intangible assets non-physical assets abstract property immaterial rights invisible property

Antonyms

tangible property corporeal property physical assets real property personal property chattel material goods