Top Definition
Intangible asset are those assets of the company which cannot be touched like goodwill, patents, trade marks.
When company A acquires Company B, then amount of money A pays over actual values of B comes under goodwill which is intangible asset.
by Transtutors June 24, 2013

Free Daily Email

Type your email address below to get our free Urban Word of the Day every morning!

Emails are sent from daily@urbandictionary.com. We'll never spam you.

×