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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.


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.
References in periodicals archive ?
Along with the upgraded version s features is IMID Cast, a fast and easy self-enrolment station olanned to decrease administrative hassle by letting users right away set up and activate their own profiles.
The upgraded version also displays the relative severity of air leaks and where they are located on the blowing wheel.
Suzuki Motor Corporation (TYO: 7269), a Japan-based automaker, has introduced an upgraded version of its SX4 2.
The upgraded version of Zolfaqar tanks are currently passing field tests and have, thus far, been successful (in these tests) in general, and they will be unveiled in the near future," Commander of the Iranian Army Ground Force Brigadier General Ahmad Reza Pourdastan told FNA on Monday.
Bengaluru, February 15 (ANI): An upgraded version of a helicopter which can detect missiles from a distance through its sensors, made its debut at the ongoing Aero Show in Bengaluru.
Tokyo, Japan, Mar 24, 2006 - (JCN) - Mitsubishi Kagaku Iatron announced on March 20 that it will bring to market Immufast Check J2, an upgraded version of its proprietary in vitro diagnostic kit for inspecting food allergy, on March 27.
The upgraded version features several enhancements directly relevant to large global businesses.