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 ?
So far, many regions have received the 150 kW upgrade but some regions have received a 130 kW instead in a report from (https://www.cnet.com/roadshow/news/tesla-supercharger-europe-charging-time/) CNET.
The Classic Works Upgrade Kit also includes bespoke badging on the front wings, an owner's certificate, vehicle collection, health check and handover with a tour of Land Rover's Classic Works, UK, or Essen, Germany, facility where the upgrade is carried-out.
Those without a Virgin Atlantic credit card still try to get lucky - with new research revealing the most popular methods for trying to blag an upgrade are dressing smartly, arriving extra early and flirting with check-in staff.
Winning bidders will get to experience the perks of the upgrade such as premium seats inside an exclusive cabin, priority check-in and boarding, next-level entertainment on bigger screens and enhanced meal options.
The OWC 8.0TB iMac upgrade option utilizes the HGST 8.0TB Ultrastar He8 hard disk drive.
“We created our upgrade policy because too many companies are stuck on outdated versions of other PLM systems that have been customized and are too expensive and complicated to upgrade,” explained Peter Schroer, President of Aras.
Premium and Windows 7 Professional, except for the Pro upgrade from the Windows
The upgrade does the most thorough job when migrating a machine from Windows 7, which is the only edition that conducts a "full" upgrade, the label for an upgrade that brings along everything, including data files, user accounts, Windows settings and installed applications.
Thus, due to upgrade, one of the world's largest cargo aircraft--the Antonov 124--has considerably extended its operational performance, met ICAO noise level acceptability and navigation accuracy requirements, etc.
Once a member occupies a certain home, Avistele still can offer some upgrades. For example, if someone living in a Legacy home wants upgrades beyond the basic ones usually offered for that home style, Avistele can set up a flat-screen television, surround sound, upgraded appliances, light fixtures and other items that are less permanent.
Summary: Details of the royalty-free Windows 7 upgrade program were announced by Fujitsu Technology Solutions.
The amount of special upgrade points required for an upgrade ranges between 25,000 and 40,000, dependent upon the destination of the flight.