Patent

Definition:

A patent gives the owner the right to prohibit/exclude others from using his/her patented technology. It does not even grant the patent owner the right to practice his/her own technology (called 'freedom of operation') because his/her patent may be dominated by another person's or persons' patent(s) that could exclude him or her from doing so.

Investing Essentials


Copyright © 2011 Campbell R. Harvey, Professor of Finance, Fuqua School of Business at Duke University

Term of the Day

Tax Equity and Fiscal Responsibility Act of 1983

The law requiring federal income tax withholding on payments of dividend and interest to accounts without a certified tax identification number on file. See: W-9.

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