INTANGIBLE PROPERTY
\ɪntˈand͡ʒəbə͡l pɹˈɒpəti], \ɪntˈandʒəbəl pɹˈɒpəti], \ɪ_n_t_ˈa_n_dʒ_ə_b_əl p_ɹ_ˈɒ_p_ə_t_i]\
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Personal property that has no physical existence, such as stocks, bonds, bank notes, trade secrets, patents, copyrights and trademarks. Such "untouchable" items may be represented by a certificate or license that fixes or approximates the value, but others (such as the goodwill or reputation of a business) are not easily valued or embodied in any instrument. Compare tangible property.
By Oddity Software
Word of the day
dust storm
- a windstorm that lifts up clouds of dust or sand a windstorm that lifts up clouds dust or sand; "it was the kind of duster not experienced in years"