Intangible asset

An intangible asset is an asset that is not physical in nature. Goodwill, brand recognition and intellectual property, such as patents, trademarks, and copyrights, are all intangible assets. Intangible assets exist in opposition to tangible assets, which include land, vehicles, equipment, and inventory—Read more at Investopedia. Kenton, Will. “Intangible Asset.” 11 August 2019