What is the term for personal property that has no intrinsic value?

The term that describes personal property with no intrinsic value is intangible property. Intangible property refers to assets that do not have a physical presence or substance, such as patents, copyrights, trademarks, and goodwill. These assets are vital in the context of business operations and intellectual property rights, but they do not possess physical characteristics that can be touched or measured directly.

In contrast, tangible property refers to physical items, thus is not applicable to this scenario as it includes real estate, vehicles, machinery, and other assets that have a measurable value. Worthless property, while seemingly relevant, refers specifically to items that have been deemed to have no economic benefit or value, which is a more specialized context and may not encompass all forms of intangible property. Valued personal-use property implies that there is some value associated with the property, which contradicts the premise of having no intrinsic value. Therefore, intangible property is the most accurate term to describe personal property that lacks intrinsic value.