Intangible property encompasses anything that has no physical substance but that a person or corporation can have or transfer ownership of. This excludes tangible properties such as real estate (land, buildings, fixtures) and personal property (ships, automobiles, tools).
It is also sometimes referred to as incorporeal property.
Intangible personal property is essentially property that is not physical and does not hold any intrinsic value. It is simply representative or evidence of value. It does, however, usually have a quantifiable dollar value.
Examples of intangible property include:
Synonyms
Incorporeal Property
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