And a large and growing chunk of the value companies create comes in the form of intangible assets such as patents or brands.
Knowledge, as an intangible resource, can freely flow, transfer, reproduce and innovate, and may be dynamic as a form of association between social subjects in different observation periods.
In all Western legal systems, however, the great increase of wealth in the form of intangibles (stocks, bonds, bank accounts) has meant that property or property-like treatment must be given to such intangibles.
It is common for insurers to have some of their book value in the form of intangibles, but it is, according to A.M. Best, almost unheard-of for a big insurance company to have, as Conseco does, intangibles equal to 155% of book value.
It is common for insurers to have some of their book value in the form of intangibles, but according to A.M. Best, it is almost unheard-of for a big insurance company to have, as Conseco does, intangibles equal to 155% of book value.
Unesco's director general, Koichiro Matsuura, said: "The death of a language leads to the disappearance of many forms of intangible cultural heritage, especially the invaluable heritage of traditions and oral expressions of the community that spoke it – from poems and legends to proverbs and jokes".
RNW: Originally a poet, I've often mixed text and images in my books, drawn to the tactile nature of the form, to the paradox of being able to hold in my hands a series of intangible moments.
This exists when someone has the discretion to withhold an important resource — whether something tangible, like a signature on an expense form, or intangible, like access to a senior executive or information about how to use a piece of software.
