INTANGIBLEASSET

Intangible asset

Intangible assets have been argued to be one possible contributor to the disparity between company value as per their accounting records, and company value as per their market capitalization. Considering this argument, it is important to understand what an intangible asset truly is in the eyes of an accountant. A number of attempts have been made to define intangible assets:

The above text is a snippet from Wikipedia: Intangible asset
and as such is available under the Creative Commons Attribution/Share-Alike License.

intangible asset

Noun

  1. Intangible personal property, acquired for money, that does not have a face value or a ready market.
  2. Any valuable property of a business that is not does not appear on the balance sheet, including intellectual property, customer lists, and goodwill.


The above text is a snippet from Wiktionary: intangible asset
and as such is available under the Creative Commons Attribution/Share-Alike License.

Need help with a clue?
Try your search in the crossword dictionary!