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 upgraded version of Inspect visual inspection software features an XML Comm Server interface, giving Inspect the ability to import XML data from external systems.
Dialog announced the release of DialogLink 4.0, an upgraded version of its software package for information professionals.
It is also an upgraded version of the current M-8400RVe and prints images up to 609dpi.
An upgraded version of the ALW liquids weigher has features designed to significantly improve the accuracy of liquids weighing and batch separation, according to the company.
The new upgraded version, which includes the first supplement to the USP 25-NF 20, has several features that are not available in the hardcover edition.
This upgraded version of the game randomly creates problems using numbers that the user sets between 0 and 25.
In addition, AIBO Navigator 2, an upgraded version of the AIBO Navigator, and a personal computer-based software package, both sold separately, allow owners to control the new robot pet from distances via a wireless LAN capability from a personal computer.
has released an upgraded version of its Crystal Ball 2000 risk analysis, forecasting, and optimization product.
The upgraded Version 2.0 incorporates new design features recommended by attorneys and paralegals.
When I-Jam disks arrive they'll be an upgraded version Clik!, still single-sided, and still priced around $10 apiece, though with a 100MB capacity.
The company has launched CertificatesNow, an upgraded version of a product with the same name that allows clients to log on to a secure site, request and receive a certificate of insurance.
The site also features an upgraded version of Renold's free chain selector program that enables engineers to easily calculate the correct chain specifications for their application.