trademark
Financial Dictionary — Assets
Definition
An intangible asset that is recorded at cost (or less) in the balance sheet. It may consist of a name or a logo. Trademarks must be registered with the legal authorities for this.
Detailed Explanation
A trademark is an intangible asset recorded at cost (or less) and may consist of a name or logo. Trademarks are registered with legal authorities.
Common Uses
- Used to explain the concept in accounting and business contexts.
- Used when training staff or documenting procedures and policies.
- Used when training staff or documenting procedures and policies.
Practical Example
- Example: Teams reference **trademark** when defining terms in manuals, policies, or training materials.
Why This Term Matters
- Why it matters: Improves clarity and consistency across documentation and decision-making.