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Tangible asset

The financial definition for Tangible asset:

An asset whose value depends on particular physical properties. These include reproducible assets such as buildings or machinery and non-reproducible assets such as land, a mine, or a work of art. Also called real assets. Converse of: Intangible asset




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Intangible asset

Intangible asset
A legal claim to some future benefit, typically a claim to future cash. Goodwill, intellectual property, patents, copyrights, and trademarks are examples of intangible assets.


Tangible net worth

Tangible net worth
Total assets minus intangible assets, which include patents and copyrights, and total liabilities.




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