intangible asset

Definition of "intangible asset"
  1. A non-physical asset, such as a patent or the goodwill of a company
How to use "intangible asset" in a sentence
  1. The company's reputation is a valuable intangible asset that influences customer loyalty.
  2. They decided to invest in research and development, understanding that new patents would become a powerful intangible asset.
  3. The consultant recommended an audit to quantify the firm's intangible asset holdings, including software licenses and trademark rights.

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