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. 1  1 archaic : physician, surgeon. 2  2 [from its former use by physicians for bleeding patients] : any of numerous carnivorous or bloodsucking usually freshwater annelid worms (class Hirudinea) that have typically a flattened lanceolate segmented body with a sucker at each end.