The lack of physical substance would therefore seem to be a defining characteristic of an intangible asset. Both the IASB and FASB definitions specifically preclude monetary assets in their definition of an intangible asset.
Leeches. Leech is a common name for over 650 species of largely freshwater, carnivorous worms that comprise the class Hirudinea in the phylum Annelida.
Introduction to the Annelida. Segmented worms make up the Phylum Annelida. The phylum includes earthworms and their relatives, leeches, and a large number of mostly marine worms known as polychaetes. Various species of polychaete are known as lugworms, clam worms, bristleworms, fire worms, sea mice, and EWWW! I stepped on that THING!. Annelids can be told by their segmented bodies. Polychaetes (meaning many bristles) have, predictably, many bristles on the body, while earthworms and leeches have fewer bristles. There are about 9000 species of annelid known today. Click on the buttons below to learn more about the Annelida.