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.
Best Answer: A SEED is a person who is supplying a file that is being shared over the internet. Seeds are good. Seeds are your friend. A LEECH, also know as a peer, is a person who is downloading a file, but has not yet fully downloaded it. Leeches are bad. Leeches are not your friend (hence the name). When a leech finishes downloading a file, they become a seed. Source(s): http://www.associatedcontent ....