Both tangible and intangible property
Tangible property refers to physical assets that can be touched or seen, such as buildings, cars, furniture, and machinery. These are objects that have a physical presence.
Intangible property, on the other hand, refers to assets that do not have a physical form, such as intellectual property, patents, trademarks, copyrights, and goodwill. These are assets that exist only in legal or intellectual forms.
Both tangible and intangible property can be owned and have value. They can be bought, sold, borrowed against, and transferred to others. However, the methods of acquiring, managing, and protecting tangible and intangible property may differ. For example, owning tangible property may involve physical possession and maintenance, while owning intangible property may involve legal rights and protections.