intangible asset

Definition

Something of value that cannot be physically touched, such as a brand, franchise, trademark, or patent. opposite of tangible asset.

Use intangible asset in a sentence

It was an intangible asset and what that meant was that it could not be touched and was sort of non physical in nature.

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When Tata bought the Jaguar brand, they proved that intangible assets can still pull in major money, to the tune of $2.3 Billion.

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In the working environment one intangible asset you need to guard is your good name and the respect of your superiors and coworkers.

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