In the context of property, what does 'intangible' mean?

The term 'intangible' in the context of property refers to items that do not have a physical presence but still hold value. This includes assets such as stocks and bonds, which represent ownership or a claim on value without being physical objects you can hold. These financial assets are recognized as intangible because they cannot be touched or seen, yet they play a crucial role in investments and financial transactions.

In contrast, physical items like vehicles, land, or buildings are classified as tangible property because they have a physical form that can be perceived through the senses. Additionally, tangible money, while valuable, is also categorized as tangible property due to its physical manifestation. Understanding the distinction between tangible and intangible assets is essential in various legal and financial contexts, especially when evaluating the nature of property for taxation or inheritance purposes.