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Intangible property definition

Question
What is intangible property, and is it different from intellectual property? 
Answer
Intangible property is the same as intellectual property and, as the name implies, is property you cannot touch, such as copyrights, patents, trademark registrations, franchises and trade secrets.

It is also electronic or digital content, such as for a website, like the definition you're reading now. 
Brain Trust contributor: Author of J.K. Lasser's Small Business Taxes 2007
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