Property that has value but no physical form.

Property that has value but no physical form.

• A. Intangible Property
• B. Insurance
• C. Incident
• D. Indemnitor

Answer: (A)

Property that has value but no physical form refers to intangible property. This category covers assets that exist as value or rights rather than as tangible objects, such as patents, copyrights, trademarks, goodwill, and software. These assets can be owned, licensed, bought or sold, and they provide economic value even though they don’t have a physical presence. The other terms don’t describe asset types: insurance is a contract that shifts risk, not a kind of property; an incident is an event that could cause loss; an indemnitor is the party who promises to compensate for losses. So the precise description of value without a physical form fits intangible property.

Property that has value but no physical form refers to intangible property. This category covers assets that exist as value or rights rather than as tangible objects, such as patents, copyrights, trademarks, goodwill, and software. These assets can be owned, licensed, bought or sold, and they provide economic value even though they don’t have a physical presence. The other terms don’t describe asset types: insurance is a contract that shifts risk, not a kind of property; an incident is an event that could cause loss; an indemnitor is the party who promises to compensate for losses. So the precise description of value without a physical form fits intangible property.