Intangible asset

definition

Capital asset that has no physical existence, such as patents, copyrights, trademarks, mineral rights, secret manufacturing processes, start-up costs, capitalized development costs and goodwill [translated by IIEP].

example of use

Each year a university is granted a subsidy from the state budget for the performance of its activities. Within the subsidy, the sum for capital investments and running costs are explicitly defined. Capital investments are used for the financing of long-term tangible and intangible property, and ensure its technical valorization (Hallak and Poisson, 2009: 101).

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