English Synonym Finder

tangible property

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Definitions

﹒Physical assets that have a material existence and can be touched, such as land, buildings, machinery, or inventory.

﹒Property that possesses a physical form and can be perceived by the senses, as opposed to intangible assets like intellectual property or goodwill.

Examples

﹒The company's balance sheet lists machinery and office equipment as its primary tangible property.

﹒Unlike intellectual property, tangible property consists of physical assets that you can touch and hold.

﹒The insurance policy provides comprehensive coverage for all tangible property located within the warehouse.

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