tangible property

Definitions

Physical assets that have a material existence and can be touched, such as land, buildings, machinery, or inventory.

Property that possesses a physical form and can be perceived by the senses, as opposed to intangible assets like intellectual property or goodwill.

Examples

The company's balance sheet lists machinery and office equipment as its primary tangible property.

Unlike intellectual property, tangible property consists of physical assets that you can touch and hold.

The insurance policy provides comprehensive coverage for all tangible property located within the warehouse.

Synonyms

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

Antonyms

intangible property intellectual property incorporeal rights non-physical assets abstract assets goodwill patents