upgrade

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Upgrade

1. An improvement to an existing product. Some companies, especially technology companies, offer upgrades to customers for free or at a discount.

2. An improvement to the quality of securities in a portfolio. For example, one may sell a stock with a given risk and return and buy another stock with a higher return at the same level of risk. Alternatively, a security may upgrade by itself; for example, its issuer may announce higher than expected earnings, and, therefore, a higher dividend.

3. An increase in a bond rating. For example, if a bond goes from a junk rating to an investment-grade rating, the bond is said to be upgraded. This usually occurs when the issuer reduces its exposure to one or more risks.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

upgrade

to replace an existing COMPUTER system (HARDWARE and/or SOFTWARE) by a more powerful model capable of processing data faster or storing larger amounts of data. When upgrading, computer users can experience problems of compatibility with existing programs and machines.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson
References in periodicals archive ?
The firmware upgrade can be found at http://www.intel.com/go/ssdfirmware and the Intel SSD Toolbox and Optimizer at http://www.intel.com/go/ssdtoolbox.
As described in the hypothetical scenario that began this article, firmware upgrades can be registered with a Jini Lookup service as "upgrade services." Distributed event notification informs Jini-aware storage devices, so that they can invoke the appropriate upgrades.
Here are the (http://www.samsung.com/us/support/SupportOwnersFAQPopup.do?faq_id=FAQ00057810&fm_seq=76238) changes included in the firmware upgrade:
Perhaps, Sony could have offered the new XAVC codec as a paid firmware upgrade for the PMW-500 rather than releasing another camera in the form of the 400.
Both new features will be available on existing SAILOR FleetBroadband terminals with a firmware upgrade and will be fully functional in all new terminals.
The company offers a free firmware upgrade at http://www.dlink.co.uk/support for customers who bought either of these products before the current Green firmware release.
The company said that the new functionality, available through a firmware upgrade, provides customers with an enhanced set of tools to develop innovative and customised RFID solutions.
IGEL Technology, a thin client vendor, announced on Monday (28 January) its latest Linux firmware upgrade.
SFR is currently testing the firmware upgrade and will be ready for rollout this month.
IGEL Technology, a thin client vendor, announced on Tuesday (24 July) its latest Linux firmware upgrade.
Galaxy Note 2 was released around the time as with Galaxy S3 GT-I9305 and remains eligible to get another major update in April even though the software support already expired this month which will be its final firmware upgrade.