Tangible Asset

Definition: An asset with physical substance, such as land, a building, machinery, or furniture.

Example

An appraiser separates a business's equipment and building from its goodwill and other intangible value.

Keep the distinction clear

Tangible assets can be real or personal property. Physical existence does not establish market value, legal ownership, or immediate liquidity.

Related terms

Intangible Asset · Asset · Personal Property

Keep studying

Corporation Sole, Sole Proprietorship, and Single-Owner Businesses

References: FREC Course II syllabus: investment concepts

Pronunciation (US): TAN-juh-bul AS-et (capitals show stress)

Pronunciation reference: Merriam-Webster