Business Glossary
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total value of an organization as a going concern less the total value of its net tangible assets, leaving the residual intangible value. This residual value may represent patent , trademark , secret reserve , goodwill , and the like. In theoretical terms, intangible value is the present value of excess earning power of an entity over the normal rate of return.
value that cannot be seen or touched, such as the goodwill of an established business or the value of a trademark .
value that cannot be seen or touched.
Example: The goodwill of an established business is an intangible value.
Copyright © 2007, 2000, 1997, 1987, by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.
Copyright © 2004, 2000, 1997, 1993, 1987, 1984 by Barron's Educational Series, Inc. Reprinted by arrangement with Publisher.

