The first entry in Webster’s Dictionary under the word “Intangible” is “not tangible”. That isn’t really very helpful, is it? The definition under the second entry is in two parts. The first part is “an asset (such as goodwill) that is not corporeal.” (You’re going to have to look up “corporeal” on your own, I’m not going to do all the work for you!) The second part of the second entry is where we’ll focus. Here is our working definition of the word intangible: “an abstract quality or attribute....Read More