intellectual property

noun

1. Law.,  property that results from original creative thought, as patents, copyright material, and trademarks.

2. an individual product of original creative thought.

   Microsoft’s Halo franchise is one of the most profitable intellectual properties in the video game industry.

intellectual property

noun

1. an intangible asset, such as a copyright or patent

Word History and Origins

Origin of intellectual property¹

An Americanism dating back to 1840–45