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Patent |
Also found in: Medical, Legal, Encyclopedia, Wikipedia, Hutchinson | 0.07 sec. |
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Patent The exclusive right to use documented intellectual property in producing or selling a particular product or using a process for a designated period of time. Patent The exclusive right of an inventor to make, use, or sell his invention for a period of years. A patent is an intangible asset that may be depreciated over its remaining life. The sale of a patent usually results in long-term capital gain. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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