InvestorWords.com
patent
Definition
The exclusive right, granted by the government, to make use of an invention or process for a specific period of time, usually 14 years.
Recommended Articles from InvestorGuide.com
Featured Tip
4 Categories of Sustainable Competitive AdvantageTrue sources of sustainable competitive advantage fall into four categories [according to The Little Book That Builds Wealth]: 1) Intangible assets, such as brands, patents or regulatory licenses; 2) ... Read more
Additional Tip(s)
Related Videos
Featured Advertiser
Get our free Term of the Day newsletter!
