Question

Throughout the course of your life, you have converted some of your cash on hand to certificates of deposit and bonds. You also own several shares of Disney stock, gifted to you by your great-grandmother. Your bonds, certificates of deposit, and stock certificates are examples of ________ property.

Answer 1

Answer:

intangible property

Explanation:

Intangible property can be defied as property that doesn't have any physical attributes that give them value. For example, a car is a tangible since you can drive it around, but a certificate of deposit is just a piece of paper (or even a computer code) and nothing else. The same applies to bonds and stocks, you know they are valuable but their value is not provided by their physical characteristics.

Other intangible property include patents, software, licenses, copyrights and trademarks. All of these can be extremely expensive, for example Microsoft is worth hundreds of billions and it sells digital ones and zeros.