intangible property

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Intangible Property is a property without a physical existence. Examples of intangible property include patents, patent applications, trade names, trademarks, service marks, copyrights, trade secrets.

Some intangible property might have a paper embodiment, (such as stocks, bonds, or certificates) but other intangible property does not (intellectual property).  Due to this characteristic, intangible property may be difficult to value, but is still a form of property.

[Last updated in February of 2022 by the Wex Definitions Team]