Tangible personal property is property, other than real estate, that can be
seen or touched, such as a typewriter, chair, or desk. This is to be contrasted
with intangible personal property, such as stocks, bonds, copyrights and
trademarks. (You can touch the document that represents an item of
intangible personal property, like a stock certificate, but the intangible
property itself is a mere legal right to something — such as the right to
share in corporate ownership and profits — rather than anything that can be
physically seen or touched.)