Examlex
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Intangible Assets
Intangible assets are non-physical but valuable assets such as intellectual property, brand recognition, and patents, which contribute to a company's value.
Physical Substance
The material or tangible component of an asset, as opposed to intangible assets like patents or copyrights.
Trade-In Allowance
The amount credited to the buyer by the seller for a product being traded in towards the purchase of a new product.
Book Value
Book value is the net value of a company's assets as recorded on the balance sheet, calculated by subtracting liabilities from the total value of assets.
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