Tangible means something that you can touch, your furniture,T.V. Set,your car,your lawn,whatever you can feel and see that belongs to you. Intangible property is much different and many people have lost fortunes because of it. In the great stock market crash of 1929, a lot of people, who thought they were worth millions, found out in a very short time, that they had only fortunes made of paper. The Great Depression was brought about by intangible property. Investments in the stock market are intangible property. You may have a piece of paper that says you have 1,000 shares of a company, but you can't hold it or touch it and it isn't actual money. If the company shares drop on the stock market and the company goes out of business, the money you invested is gone too. Before you paid for the stock, you had the money. Maybe it was in the bank and you could withdraw it and it was in your hand. When you bought the stock, you gave it to an idea. You got a piece of paper.
