What is Intangible Assets?
A definition of Intangible Assets
“Intangible assets are non-physical assets that have value to a business, such as trademarks, patents, and goodwill. They contribute to a company’s potential for future income and success.”

Business Glossary > What is Intangible Assets?
Examples of Intangible Assets in a Sentence:
Intangible assets like patents can provide a competitive advantage.
The company invested heavily in intangible assets to boost its market value.
Goodwill is considered an intangible asset on the balance sheet.
Why is Intangible Assets Important in Business?
Understanding intangible assets is crucial for evaluating a company’s true value. They can significantly influence business decisions, strategic planning, and mergers or acquisitions, impacting a firm’s long-term growth and sustainability.
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Associated Terms
Here are some associated business terms and synonyms for “Intangible Assets”:
- Non-physical Assets
- Intellectual Property
- Goodwill
Coca-Cola’s Intangible Assets
Coca-Cola’s brand name, valued at billions, is an example of the intangible assets on its balance sheet. Alongside trademarks and secret formulas, these assets help Coca-Cola maintain its dominance in the beverage industry.
Final Notes on Intangible Assets
When assessing a company’s value, consider both tangible and intangible assets for a comprehensive understanding of its potential. Intangible assets might be hard to quantify but are critical for long-term strategic planning and competitive edge.
This has been a definition of Intangible Assets meaning.
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