intangible property

Related Terms
Bonds, notes, shares (stock), long-term contracts, and rights (such as lease agreements and copyrights) which represent present or future value but, being mere documents, have no intrinsic value of their own.

Use 'intangible property' in a Sentence

While we've spent a few million this quarter to acquire Acme Patents, Inc's intangible property, we're predicting our realized profit will be double the acquisition costs by the end of the year.
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You may want to stock up on an intangible property so that you know you always have something to fall back on.
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It was intangible property and did not have any independent value and that made me really confused, cause I never knew that before.
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