general intangible

Definition of "general intangible"
  1. Personal property that is not specifically identified as an account, chattel paper, commercial tort claim, deposit account, document, instrument, goods, investment property, letter-of-credit right, letter of credit, money, or pre-extraction mineral, often referred to in section 9-102 of the Uniform Commercial Code
How to use "general intangible" in a sentence
  1. The company's brand reputation is considered a general intangible.
  2. Under the Uniform Commercial Code, copyrights and patents are examples of general intangibles.
  3. As part of the merger deal, the purchaser company also acquired some general intangibles from the selling company.

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