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Simple English definitions for legal terms
tangible cost
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A quick definition of tangible cost:
Tangible cost: A real cost that can be seen or touched. It is a cost that can be measured in money or physical items. For example, if you buy a new car, the tangible cost would be the actual price you paid for the car.
Tangible damages: Actual damages that can be seen or touched. For example, if someone damages your car, the tangible damages would be the cost to repair the physical damage to the car.
Tangible evidence: Physical evidence that can be seen or touched. For example, if there is a fingerprint left at a crime scene, that would be tangible evidence that can be collected and analyzed.
Tangible medium of expression: A material form in which a work can be expressed and communicated, either directly or through a machine. This is a requirement for copyright, meaning that the work must be fixed in a tangible medium of expression in order to be protected by copyright law. Examples of tangible mediums of expression include books, CDs, and digital files.
A more thorough explanation:
Definition: Tangible cost refers to a cost that can be easily quantified and measured in monetary terms. It is a direct cost that can be seen and touched.
Example: If a company decides to purchase a new machine for $10,000, the tangible cost would be the actual amount paid for the machine. Other examples of tangible costs include salaries, rent, utilities, and raw materials.
The examples illustrate the definition of tangible cost because they are all costs that can be easily measured and quantified in monetary terms. These costs are directly related to the production of goods or services and can be seen and touched.
tangible chattel paper | tangible-personal-property memorandum