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intangible property

   Also found in: Financial, Wikipedia 0.01 sec.

intangible property n. items such as stock in a company which represent value but are not actual, tangible objects.



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Just about any property--perhaps even intangible property such as software--that a state may treat as tangible can create nexus.
The presence of intangible property owned by out- of-state franchisors has led many states to tax the royalty payments paid by in-state franchisees to their out-of-state franchisor.
 
 
 
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