intangible, n. Something that lacks a physical form; an abstraction, such as responsibility; esp., an asset that is not corporeal, such as intellectual property.
general intangible. Any intangible personal property other than goods, accounts, chattel paper, documents, instruments, investment property, rights to proceeds of written letters of credit, and money. • Some examples are goodwill, things in action, and literary rights. UCC § 9-102(a)(42). See intangible property under PROPERTY. [Cases: Secured Transactions 11.1, 14.1, 115.
1. C.J.S. Secured Transactions §§ 3, 11, 13, 84.]
payment intangible. A general intangible under which the account debtor’s principal obligation is a monetary obligation. UCC § 9-102(a)(61).
