intellectual property (/ˌɪn.təlˈek.tʃu.əl ˈprɒp.ər.ti/)
noun · Advanced · Work & Business
🔊 /ˌɪn.təlˈek.tʃu.əl ˈprɒp.ər.ti/
Meaning
Meaning: legal rights to ideas
Creations of the mind, such as inventions, designs, and brand names, that are protected by law.
Examples
🗣 The company protects its intellectual property with patents so that rivals cannot copy its designs.
Etymology
A combination of ‘intellectual’ (Latin ‘intellectus’, understanding) and ‘property’ (Latin ‘proprietas’, ownership).
How & Where It’s Used
Often abbreviated ‘IP’; central to law, technology, and the arts.
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Tags: legal, business