A non-physical asset, such as a right to receive payment, that is represented by a controllable electronic record. For example, an electronic HELOC that is not a negotiable instrument, would be a controllable payment intangible.
A non-physical asset, such as a right to receive payment, that is represented by a controllable electronic record. For example, an electronic HELOC that is not a negotiable instrument, would be a controllable payment intangible.