INTANGIBLES Meaning and
Definition
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Intangibles refer to assets or elements that lack physical substance or are not tangible in nature. These intangible assets cannot be touched, seen, or felt, and are fundamentally abstract or non-physical in form. Rather than having a physical presence, intangibles are typically represented through rights, legal contracts, or intellectual property.
Examples of intangibles include but are not limited to:
1. Intellectual Property (IP): This encompasses patents, copyrights, trademarks, and trade secrets that provide businesses with exclusive rights to their creations.
2. Goodwill: It represents the reputation, brand value, customer loyalty, and overall positive perception of a company. Goodwill is usually associated with business acquisitions.
3. Franchise Agreements: These are legally binding contracts that allow individuals or entities to operate a business under an established brand name using its trademark and business model.
4. Software and Licenses: Computer software programs and licenses fall under intangible assets, as they are creations of the mind and can be protected by intellectual property rights.
5. Customer Relationships: The trust, loyalty, and satisfaction of a business's customer base are valuable intangible assets that contribute to its success and long-term viability.
Intangibles are crucial to a company's competitiveness, market value, and overall performance. Although they cannot be physically quantified or measured, their impact on business operations and financial statements can be significant.
Top Common Misspellings for INTANGIBLES *
* The statistics data for these misspellings percentages are collected from over 15,411,110 spell check sessions on www.spellchecker.net from Jan 2010 - Jun 2012.
Other Common Misspellings for INTANGIBLES
Etymology of INTANGIBLES
The word "intangibles" comes from the combination of the prefix "in-" meaning "not" or "without", and "tangible", which originates from the Latin word "tangibilis". "Tangibilis" is derived from the verb "tangere", meaning "to touch". Therefore, "intangibles" refers to things that cannot be touched, perceived by physical touch, or grasped with the hands. In a broader sense, it also denotes concepts or ideas that are abstract or unreal in nature.
Similar spelling words for INTANGIBLES
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