(sÄt) v. set, setÂ·ting, sets. v.tr. 1. To put in a specified position or arrangement; place: set a book on a table; set the photo next to the flowers. 2. a. To put into a specified state: set the prisoner at liberty; set the house ablaze; set the machine in motion.
Intangible asset. An intangible asset is an asset that lacks physical substance (unlike physical assets such as machinery and buildings) and usually is very hard to evaluate. It includes patents, copyrights, franchises, goodwill, trademarks, trade names, the general interpretation also includes software and other intangible computer based assets.
Wiktionary (0.00 / 0 votes) Rate this definition: net tangible assets (Noun). The total assets of a company, less any intangible asset such as goodwill, patents, and trademarks, less all liabilities and the par value of preferred stock. Similar to Book Value and Net Asset Value.et tangible assets (Noun). The total assets of a company, less any intangible asset such as goodwill, patents, and trademarks, less all liabilities and the par value of preferred stock.