Which term best describes intangible property?

• A. Intangible Property
• B. Real Property
• C. Personal Property
• D. Tangible Property

Answer: (A)

The main idea here is distinguishing assets by their physical form. Intangible property refers to assets that have value but lack physical substance—things like patents, copyrights, trademarks, goodwill, and certain financial rights. Since the term that describes non-physical assets is literally “intangible property,” that choice is the best fit: it matches the category being described.

Real property is land and anything permanently attached to it, which are physical and immovable. Tangible property covers physical items you can touch. Personal property generally refers to movable possessions, typically physical items. None of these describe non-physical rights or assets in the way that intangible property does.