Intangible (Noun)
Meaning
Assets that are saleable though not material or physical.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The company's intangible assets, including its brand and intellectual property, were valued at millions of dollars.
- The patent for the new technology was a valuable intangible that the company was eager to protect.
- The business's goodwill and reputation were considered important intangibles that contributed to its success.
- The company's portfolio of intangibles, including copyrights and trademarks, was a significant portion of its overall value.
- The licensing agreement gave the company ownership of the intangible rights to the popular software program.