INTANGIBLE ASSETS Definition

INTANGIBLE ASSETS are non-physical assets (such as franchises, trademarks, patents, copyrights, goodwill, equities, mineral rights, securities and contracts as distinguished from physical assets) that grant rights, privileges, and have economic benefits for the owner.

Learn new Accounting Terms

PC is an acronym for Professional Corporation (business legal entity).

ADEA is Age Discrimination in Employment Act of 1967.

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