Your English writing platform
Discover LudwigSuggestions(5)
"intangible asset" is a correct and usable phrase in written English.
It is typically used in financial and accounting contexts to refer to things such as intellectual property, goodwill, brand recognition, and relationships. For example: "The company's intangible assets include their long-standing reputation and industry know-how."
Dictionary
intangible asset
noun
Any valuable property of a business that is not a physical by nature, including intellectual property, customer lists, and goodwill. Intangible assets may or may not be shown on the balance sheet.
synonyms
Exact(58)
Determining the actual value of this intangible asset is a difficult nut to crack.
Jacuzzi's intangible asset is the distribution network of a company it acquired.
AOL had pretax restructuring costs of $19 million and noncash intangible asset impairments of $25 million related to Patch.
Reputation is one such intangible asset; ask Mattel about its value, after its third recall of toys this summer.
UBS said it was carrying the PaineWebber brand on its balance sheet as an intangible asset worth $770 million.
Before the offering, the private equity firm used complex partnership structures to create large deductions for good will, a type of intangible asset.
And it allowed underfinanced plans to show an intangible asset -- G.M.'s is now $6.2 billion -- that made a bad situation look better than it was.
Yet United, which filed for bankruptcy protection yesterday, has an intangible asset as it struggles to ride out the crisis: the loyalty of its longtime business customers.
But absent a sale, either of the intangible asset or of the company that owns it, it is hard to fix a value for many such assets.
Such premiums are normally viewed as a cost of doing business, but Alliance considers them to be an intangible asset, which it amortizes over time.
Brand value, that intangible asset often finding its way on a company's balance sheet, is another important reason why CFOs must drive sustainability thinking throughout their organisations.
Write better and faster with AI suggestions while staying true to your unique style.
Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com