Which asset term refers to something that cannot be touched?

The term that refers to something that cannot be touched is "intangible." Intangible assets are non-physical assets that cannot be seen or touched, such as intellectual property, brand recognition, goodwill, and patents. These assets can have significant value, but they do not possess a physical form like tangible assets do.

In contrast, tangible assets are physical items that can be touched and measured, such as machinery, buildings, and inventory. Real assets typically refer to physical and tangible assets related to land and property, while fixed assets are long-term tangible assets that a business uses in its operations and are not intended for resale, such as equipment and real estate. Therefore, the context and definitions of these terms clearly identify "intangible" as the appropriate choice for something that cannot be touched.