intangible property
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 reviewed in February of 2022 by the Wex Definitions Team ]
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