Below please find a definition of “Intangible asset”
Defined Term – Intangible asset: As the term intangible suggests, the assets that cannot be physically touched or seen are termed as intangible assets. Assets such as patents, copyrights and trademarks are very valuable to a firm, they are considered intellectual property or intangible assets in the corporate world. A company brand name like Nike or Reebok is considered to be a valuable asset, it is not tangible, yet the name will carry weight as long as the companies remain in operation.
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