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Definitions from WordNet

Definitions from the Web

Intangible Asset

Description: An intangible asset refers to a non-physical asset that lacks a physical presence but holds value for a business or individual. These assets are typically long-term and can include items such as patents, copyrights, trademarks, goodwill, or intellectual property.

Senses/Usages:

1. Accounting: In accounting, an intangible asset is recorded on a company's balance sheet as an asset, representing the value of non-physical assets that provide future economic benefits.

Example Sentence: The company's intangible assets, such as its brand reputation and customer loyalty, greatly contribute to its overall value.

2. Business: In a business context, intangible assets can refer to any non-physical resources that contribute to a company's competitive advantage, reputation, or overall value.

Example Sentence: The company's unique business processes and innovative solutions are considered intangible assets that set it apart from competitors.

3. Investing: Intangible assets can also be significant considerations for investors when evaluating the value and potential return of a company.

Example Sentence: Before investing, make sure to conduct a thorough analysis of a company's intangible assets, as they can play a crucial role in its long-term success.

Related Products:

• Books on Intangible Assets in Accounting
• Books on Intangible Assets in Business
• Books on Intangible Assets in Investing