Warning

Info

Warning

Info

Warning

Info

LSDefine

Simple English definitions for legal terms

intangible

Read a random definition: separate support

A quick definition of intangible:

Intangible: Something that cannot be touched or felt. It is an idea or concept that exists in the mind, like responsibility or intellectual property. It can also refer to assets that do not have a physical form, like goodwill or literary rights. Payment intangible refers to a type of intangible where the main obligation is to pay money.

A more thorough explanation:

Definition: Not capable of being touched; impalpable; incorporeal. Something that lacks a physical form; an abstraction, such as responsibility; especially, an asset that is not corporeal, such as intellectual property.

Examples:

These examples illustrate intangible assets that cannot be physically touched or seen, but still hold value. Goodwill is the value of a business beyond its tangible assets, such as its reputation and customer loyalty. Things in action refer to legal claims or rights that can be enforced, such as a contract or patent. Literary rights are the rights to a piece of creative work, such as a book or movie.

General Intangible: Any intangible personal property other than goods, accounts, chattel paper, documents, instruments, investment property, rights to proceeds of written letters of credit, and money.

Payment Intangible: A general intangible under which the account debtor's principal obligation is a monetary obligation.

intaker | intangible asset

Warning

Info

General

General chat about the legal profession.
main_chatroom
👍 Chat vibe: 0 👎
Help us make LSD better!
Tell us what's important to you
Dkk
19:42
SEO is big money
2016 pushed the conservative party into populism irreversibly
Dkk
19:43
Maybe, but if this is populism, then every election is populist.
19:43
@Dkk: yeah register 1 website and every swinging tom dick and harry calls/emails/texts to 'help with seo'. like bruh, if YOU found it, what i am doing is working
Dkk
19:43
Indeed!
19:48
wasp, i think people are hopeful for a gov who at least attempts to care about the common man
MIAMI A
[] AromaticTroubledDormouse
20:55
How does one know if they are UR1 or UR2?
[] AromaticTroubledDormouse
20:56
CONGRATS MACAQUE!
TY
got a random stanford email and almost had a heart attack
ALSO CONGRATS!
Congrats1!
21:15
Miami A, yall I'm so excited I could cry.
21:15
Feel like I can finally stop holding my breath!! Whew!!!
[] baddestbunny
22:16
every time I get accosted by a strange man who follows me around because my male coworkers were too busy talking to walk me back to my car I get closer to saying we need to bring back traditional gender roles
Dkk
22:32
Nice! @Macaque
Dkk
22:32
@Aromatic, Have to guess.
Dkk
22:33
That sucks @Bunny do you have to go to the hospital?
[] baddestbunny
22:40
I said accosted not assaulted
23:35
guys. my notre dame address just went long is this good or bad
1a2b3c4d26z
23:37
Oooooo me too
23:37
omg is this good or bad
Dkk
23:47
Idk if gender roles are gunna fix that then.
23:49
it looks like most people who applied in october last cycle didn't get a decision until january... does it even mean anything that our addresses went long??
hows ED 2 compared to ED 1?
Dkk
0:10
No idea
windyMagician
0:34
reporting live to say my ndls address also went long
does it mean anything ^
Dkk
2:21
NDLS and Fordham took a very long time last year. It's good info for people to know.
LSD+ is ad-free, with DMs, discounts, case briefs & more.