Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Intangible
n. Something that is not tangible; esp., an asset that is not corporeal, such as intellectual property.
Intangible asset
an asset that is not a physical object, such as a patent, a trademark, or goodwill.
general intangible
See INTANGIBLE.
intangible asset
See ASSET,
intangible drilling costs
Oil & gas. Expenses incurred in drilling, testing, and completing an oil or gas well. ( These costs are deductible in the . year they are incurred. - Also termed intangible drilling and development costs. IRC (26 USCA) ยง 263. intangible movable See MOVABLE.
intangible movable
A physical thing that can be moved but that cannot be touched in the usual sense. ( Examples are light and electricity.
intangible property
Property that lacks a physical existence. a Examples include bank accounts, stock options, and business goodwill. Cf. tangible property.
intangible tax
A state tax imposed on the privilege of owning, transferring, devising, or otherwise dealing with intangible property.
payment intangible
See INTANGIBLE.