Intangible Personal Property

That which cannot be touched; having no meaning to the senses. It is represented by incorporeal rights in property (that which is evidence or represents value; for example, a copyright).

Personal Property (that is, not Real Estate) that cannot be seen or touched. Exempt from Ad Valorem tax in most states.
Example: Examples of intangible personal property are:

• cash

• accounts receivable

• Goodwill

• patents

• trademarks

• assembled workforce

• Going Concern Value