Tangible Asset Law & Legal Definition
A tangible asset refers to an asset that has a physical existence, which can be perceived by sight and touch, and is capable of being assigned a value. For example land, buildings, machines etc.
Example of a Federal case law defining the term Tangible assets
In Stella v. Graham-Paige Motors Corp., 259 F.2d 476, 479 (2d Cir. N.Y. 1958), the Federal court of appeals defines tangible assets as follows:“The tangible assets are capable of fairly definite ascertainment.”
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