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.
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.