Tangible Asset

What Does Tangible Asset Mean?
An asset that has a physical form such as machinery, buildings and land.

Investopedia explains Tangible Asset
This is the opposite of an intangible asset such as a patent or trademark. Whether an asset is tangible or intangible isn't inherently good or bad. For example, a well-known brand name can be very valuable to a company. On the other hand, if you produce a product solely for a trademark, at some point you need to have "real" physical assets to produce it.