Meaning of the word "tangible asset" in English
What does "tangible asset" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.
tangible asset
US /ˈtæn.dʒə.bəl ˈæ.set/
UK /ˈtæn.dʒə.bəl ˈæ.set/
Noun
1.
an asset that has a physical form, such as land, buildings, or equipment, as opposed to an intangible asset like a patent or trademark
Example:
•
The company's balance sheet showed significant tangible assets, including factories and machinery.
•
Real estate is considered a primary example of a tangible asset.
Synonym:
Synonym:
Learn This Word at Lingoland