are securities intangible assets
Washington, D.C. December 11, 2003. As a matter of policy, the Securities and Exchange Commission disclaims responsibility for any private publication or statement of any SEC employee or Commissioner. This speech expresses the author's views and does not necessarily reflect those of the Commission, the Commissioners, or other members of the staff. Asset-backed security. An asset-backed security (ABS) is a security whose income payments and hence value are derived from and collateralized (or backed) by a specified pool of underlying assets. The pool of assets is typically a group of small and illiquid assets which are unable to be sold individually. Tangible assets are physical assets such as land, vehicles, equipment, machinery, furniture, inventory, stock, bonds and cash. These assets are the backbone of a company that keep it in production but are not available to customers. RELATED TERMS. 1  Tangible Asset Assets that have a physical form. 2  Real Asset Physical or tangible assets that have value, due to their substance 3  ... Active Asset An asset that is used by a business in its daily or routine operations.  Tangible Net Worth A measure of the physical worth of a company, which does not ... The two types of tangible assets are current and fixed. Current assets are inventory, or items a company turns into cash usually by the end of the year. These assets can be used as liquidation to save a company from debt problems or as financial aid. Intangible asset finance. Intangible Asset Finance is the branch of finance that deals with intangible assets such as patents (legal intangible) and reputation (competitive intangible). Like other areas of finance, intangible asset finance is concerned with the interdependence of value, risk, and time. Contents. You can use marketable assets to keep your business going through the ups and downs of business cycles. This classification of assets includes anything you could turn into cash within one year. This can include physical property, equipment, inventory and debt securities such as Treasury Notes, Treasury Bills and Treasury Bonds. If you know how to use marketable assets, you can get cash in the lean times and still make a profit. Selling assets should be your last resort for raising cash. Paragraph 11 of Statement 142 addresses how to determine the useful life of an intangible asset. In general, we believe an indefinite life conclusion for a customer related intangible asset would be extremely rare. Among the factors that cause me to say this are the following: Intangible assets do not possess physical substance. Intangible assets include patents, copyrights, trademarks, trade names, franchises, licenses, royalties, formulas, processes, organization costs, leasehold and leasehold improvements, and goodwill. Intangible assets may be acquired from other enterprises or individuals or developed by a company. The life of an intangible asset may be determinable if fixed by law, regulation, agreement, contract, or by the nature of the asset. The cost of an intangible asset having a determinable life should be amortized in a rational and systematic manner over the term of its existence, but not to exceed 40 years.
Yes, Intangible assets include patents, copyrights, trademarks, trade names, franchises, licenses, royalties, formulas, processes, organization costs, leasehold and leasehold improvements, and goodwill.