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InvestHub.com's
Finance Dictionary and Glossary of Investment Terms

Patent  

Definition 1.

The exclusive right to use documented intellectual property in producing or selling a particular product or using a process for a designated period of time.
 

Definition 2.

The exclusive right, granted by the government, to make use of an invention or process for a specific period of time, usually 14 years.
 

Definition 3.

A government license that allows one exclusive rights to a process, design, or new invention.
 
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