Tangibility is the property of being able to be perceived, especially by the sense of touch. Metaphorically, something can also be said to be "cognitively tangible" if one can easily understand it.
Law
In criminal law, one of the elements of an offense of larceny is that the stolen property must be tangible.
In the context of intellectual property, expression in tangible form is one of the requirements for copyright protection. For example, in the United States, Title 17 of the United States Code, Section 102, states that a work becomes copyrighted when "fixed in any tangible medium of expression". This includes literary works, music, dramatic works, pantomimes, choreography, films, sound recordings, and architectural works. For example, bread and television are considered tangible goods, whereas air travel and investment banking are considered intangible services. For example, in the Pakistani textile industry, the tangibility ratio negatively correlates with return on assets.