What is the true definition of the word tangible?
What does tangible mean?
- Overall, the word tangible means palpable or touchable. Something that is tangible is real and physical, evoking a sense of touch. This is opposed to something that is conceptual, abstract or imaginary. The term tangible is also used in finance to refer to assets that are physical or have intrinsic productive value.
What does tangible and intangible mean?
- Tangible and Intangible are terms very commonly used in accounting to refer to two types of assets. Difference between tangible and intangible is simple as tangible is something that has a physical existence and can be seen whereas intangible is something that cannot be seen.
What is an example of tangible?
- Tangible means something that can be understood. An example of tangible is a scientific fact that is not disputed. The definition of tangible is being touchable or real. An example of tangible is the Pyramid of Giza as an example of Egyptian history.
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