intellectual property

noun
Law. property that results from original creative thought, as patents, copyright material, and trademarks.
Origin:
1840–45, Americanism

Dictionary.com Unabridged
Based on the Random House Dictionary, © Random House, Inc. 2013.
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Collins
World English Dictionary
intellectual property
 
—n
an intangible asset, such as a copyright or patent

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009
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00:10
Intellectual property is always a great word to know.
So is lollapalooza. Does it mean:
a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.
an extraordinary or unusual thing, person, or event; an exceptional example or instance.
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FOLDOC
Computing Dictionary

intellectual property definition

legal
(IP) The ownership of ideas and control over the tangible or virtual representation of those ideas. Use of another person's intellectual property may or may not involve royalty payments or permission, but should always include proper credit to the source.
(1997-03-27)

The Free On-line Dictionary of Computing, © Denis Howe 2010 http://foldoc.org
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Example sentences
For example, it lacks ways of ensuring quality and it is still working out
  better ways to handle intellectual property.
But initial trials are under way while they stake out intellectual property
  rights.
Intellectual property, unlike physical property such as your car or a favorite
  chair, can be shared simultaneously by everyone.
The debate over intellectual property transcends the law-and requires
  philosophy.
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