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.
Definition of leech for Students. 1  1 : a bloodsucking worm related to the earthworm. 2  2 : a person who stays around other people and uses them for personal gain.