understanding financial jargon
Tangible Assets are those assets owned by a company which are in physical form, such as plant, machinery and raw materials
For investment purposes tangible assets are much easier to value, unlike intangible assets such as patent values and goodwill. In the event that a company is wound up, the tangible assets will be the easiest to sell, and therefore easiest to establish a value for.
This means that it is easier to value an engineering firm based on it's tangible assets, than it would be to value a media firm, for example, which may be based on only intellectual copyright, and intangible asset.
What to do if you need more help
If you need more help with your specific commercial loan, mortgage or insurance requirement please speak to a professional financial adviser.
We hope you found this information useful.
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