intangible property

intangible property
Property which cannot be touched because it has no physical existence such as claims, interests, and rights.
+ intangible property
As used chiefly in the law of taxation, this term means such property as has no intrinsic and marketable value, but is merely the representative or evidence of value, such as certificates of stock, bonds, promissory notes, copyrights, and franchises.
Compare tangible property

Black's law dictionary. . 1990.

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  • Intangible property — Intangible property, also known as incorporeal property, describes something which a person or corporation can have ownership of and can transfer ownership of to another person or corporation, but has no physical substance. It generally refers to …   Wikipedia

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  • intangible property — Rights not related to physical things, being merely relationships between persons, natural or corporate, which the law recognizes by attaching to them certain sanctions enforceable in the courts. Curry v McCanless, 307 US 357, 83 L Ed 1339, 59 S… …   Ballentine's law dictionary

  • intangible property — property which is not actual, spiritual property …   English contemporary dictionary

  • intangible property —    Personal property recognized by law even though it has no physical existence, such as shares, bonds, debts, warranty rights, bank notes, business goodwill, trade secrets and copyrights. Compare tangible property …   Business law dictionary

  • intangible property — noun : property having no physical substance apparent to the senses : incorporeal property (as choses in action) often evidenced by documents (as stocks, bonds, notes, judgments, franchises) having no intrinsic value or by rights of action,… …   Useful english dictionary

  • intangible — in‧tan‧gi‧ble [ɪnˈtændʒbl] adjective used to describe something that has value but does not exist physically: • intangible property such as stocks, copyrights, and trademarks * * * Ⅰ. intangible UK US /ɪnˈtændʒəbl/ adjective ► used about a… …   Financial and business terms

  • intangible — I adjective abstract, aerial, airy, amorphous, asomatous, bodiless, difficult to appraise, dim, discarnate, disembodied, ethereal, immaterial, impalpable, imperceptible, imponderable, inappreciable, inconspicuous, incorporal, incorporate,… …   Law dictionary

  • property — prop·er·ty n pl ties [Anglo French propreté proprieté, from Latin proprietat proprietas, from proprius own, particular] 1: something (as an interest, money, or land) that is owned or possessed see also asset, estate, interest …   Law dictionary

  • Property — is any physical or virtual entity that is owned by an individual. An owner of property has the right to consume, sell, mortgage, transfer and exchange his or her property.cite web|url=|titl… …   Wikipedia

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