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 are segmented worms in the Subclass Hirudinea that are usually ectoparasitic. They belong to the Class Clitellata (along with earthworms, Subclass Oligochaeta) because of the presence of a clitellum, which is a swelling towards the head of the animal, where the gonads are located.
Many people think of a worm as a gross, disgusting creature that is slimy and wriggly, however, despite its strange physical appearance, the worm has many beneficial qualities when it comes to our earths soil. Worms belong to the âannelidâ family along with leeches.