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INTANGIBLE PROPERTY

TheLaw.com Law Dictionary & Black's Law Dictionary 2nd Ed.

Used chiefly in the law of taxation, this term means such property as has no intrinsic and marketable value, but is merely the representative or evidence of value, such as certificates of stock, bonds, promissory notes, and franchises. See Western Union Tel. Co. v. Norman (C. C.) 77 Fed. 26.

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