what does incumbent mean in business
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What is an 'Incumbent' An incumbent is an individual who is responsible for a specific office within a corporation or government position; this person has an obligation to the position or office she holds.
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Dilapidation In the eye of the law an incumbent of a living is a tenant for life of his benefice, and any waste, voluntary or permissive, on his part must be made good by his administrators to his successor in office.n a leading case (Ross v. Adcock, 1868, L.R. 3 C.P. 657) it was said that the court was acquainted with no precedent or decision extending the liability of the executors of a deceased incumbent to any species of waste beyond dilapidation of the house, chancel or other buildings or fences of the benefice.
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adjunct something added to another thing but not essential to it. 2. a person associated with lesser status, rank, authority, etc., in some duty or service; assistant. 3. a person working at an institution, as a college or university, without having full or permanent status: My lawyer works two nights a week as an adjunct, teaching business law at the college.
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- incumbent noun [C]. › a ​person or ​business that ​holds a particular ​position in a ​company, ​market, ​industry, etc. at the ​present ​time: The incumbent has been ​awarded the airline's new ​advertising ​contract, despite ​stiff ​competition from other ​agencies.
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- : a person who holds a particular office or position. Voters will have the chance to see the incumbent and her opponent in a series of three debates. Incumbents often have an advantage in elections. [+] more examples [-] hide examples [+] Example sentences [-] Hide examples. incumbent /ɪnˈkʌmbənt/ adjective.incumbent. /ɪnˈkʌmbənt/. adjective. Learner's definition of INCUMBENT. always used before a noun formal. : holding an office or position. the incumbent president/mayor/senator.oters will have the chance to see the incumbent and her opponent in a series of three debates.
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- The Incumbent Meaning In Business between How To Market Your Business and How Do I Post An Ad On Craigslist that Business Low Startup Cost then Ideas Of Business To Start then Simple Business To Start and Business Low Startup Cost Business Articles Online then Even even now the same videos we put up 2 rice are still getting views, comments, and generating leads for this man.
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incumbent Imposed as an obligation or duty; obligatory: felt it was incumbent on us all to help. 2. Lying, leaning, or resting on something else: incumbent rock strata. 3. Currently holding a specified office: the incumbent mayor.
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incumbent incumbent-Computer Definition. An entity that is currently in power. An incumbent company is an organization that has been providing goods and services for some time. In politics, the incumbent senator is the person who currently holds that office.he definition of incumbent is laying on top of something. An example of incumbent is a cat lounging on its sleeping owner. Incumbent is defined as the person who is already in an elected office. An example of incumbent is the person who is currently the president.
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incumbent adjective. 1  Imposed as an obligation or duty; obligatory: felt it was incumbent on us all to help. 2  Lying, leaning, or resting on something else: incumbent rock strata. 3  Currently holding a specified office: the incumbent mayor.
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predecessor Word Origin & History. predecessor late 14c., one who has held an office or position before the present holder, from L.L. prædecessorem (nom. prædecessor), c.420, from L. præ before + decessor retiring official, from decess-, pp. stem of decedere go away, also die (see decease).
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- DEFINITION of 'Incumbent'. An individual that is responsible for a specific office within a corporation or government position. This person has an obligation to the position or office he/she holds.All incumbents of an organization, such as directors and officers, are listed on an incumbency certificate.his term is also used in the form of an obligation.. For example, It is incumbent for the President to sign the new health care policy in order to meet the nations' current health care needs..
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- The incumbent rides on a school bus or other student transportation vehicle for the purpose of maintaining order, and for supervising the loading and unloading of vehicles at the various stopping points.he incumbent rides on a school bus or other student transportation vehicle for the purpose of maintaining order, and for supervising the loading and unloading of vehicles at the various stopping points.
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Successor A successor may refer to: Someone who, or something which succeeds or comes after (see success and succession) Successor (horse), an American Thoroughbred racehorse. Successor was the working name for the class of British ballistic missile submarines, since renamed the Dreadnought-class.
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- 1 obligatory (often fol. by on or upon):a duty incumbent upon me. [ 2 Archaic.]resting, lying, leaning, or pressing on something:incumbent upon the cool grass. 3  Governmentthe holder of an office:The incumbent was challenged by a fusion candidate. [ 4 Brit.]a person who holds an ecclesiastical benefice.
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Officer Definition: An officer is the agent of the corporation entrusted by it with the exercise of some portion of its corporate powers, and the transaction of the business for which it exists, and the performance of its corporate duties. It is these agents or officers which it is empowered to superannuate, and not mere employees.
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incumbent 4. the holder of an office or an ecclesiastical benefice. [1375–1425; late Middle English (n.) < Latin incumbent-, s. of incumbēns, present participle of incumbere to lie or lean upon] in•cum′bent•ly, adv.
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Definitions &Translations Princeton's WordNet(5.00 / 1 vote)Rate this definition: 1  incumbent, officeholder(adj) the official who holds an office. 2  incumbent(adj) lying or leaning on something else. 3  incumbent(adj) necessary (for someone) as a duty or responsibility; morally binding.  incumbent(adj) currently holding an office.
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interval interim - the time between one event, process, or period and another; meanwhile the socialists are running the government. meantime, meanwhile, lag. interval, time interval - a definite length of time marked off by two instants. interregnum - the time between two reigns, governments, etc.
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incumbent A person who holds an office or ecclesiastical benefice: The incumbent was reelected to another term. [Middle English, holder of an office, from Medieval Latin incumbēns, incumbent-, from Latin, present participle of incumbere, to lean upon, apply oneself to : in-, on; see in-2 + -cumbere, to recline.]
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- Incumbents may not perform all of the listed duties and/or. may be required to perform additional or different duties from those set forth below to address business needs and. changing business practices. 1. Plan, prioritize, assign, supervise, and review the work of sworn law enforcement staff involved in.
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Spinal Stenosis Symptoms, Causes & Treatments Some common disorders that can contribute to stenosis or occur at the same time include osteoarthritis/degenerative joint disease, rheumatoid arthritis, sciatic nerve pain, spinal injuries or tumors, and genetic diseases that affect the bones of the back (such as Paget’s disease).
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- Some Radical fellow speechifying at Middlemarch said Casaubon was the learned straw-chopping incumbent, and Freke was the brick-and-mortar incumbent, and I was the angling incumbent. Middlemarch by Eliot, George View in context. He nodded gravely, and added with awful emphasis - 'I thought it incumbent upon me to do so.
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âPrincipalâ vs âownerâ Principal has a specific meaning in the context of commercial law. From Wikipedia : a principal is a person legal or natural–who authorizes an agent to act to create one or more legal relationships with a third party. Effectively, this means that the principal is the business.In the case of a corporation, say General Electric, the principal is General Electric itself, while Jack Welch was one of its agents during the 80s and 90s.. A partner or owner of a business. This is primarily the only reason you would use the word principal in the world of business. In Business terms, Principal has one meaning, you would be a part of a company with a financial interest in that company.
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Dependent vs Interdependent - What's the difference? dependent (Noun) One who relies on another for support. With two children and an ailing mother, she had three dependents in all ... (In British English, this meaning is spelt dependant.) dependent (Noun) An element in phrase or clause structure that is not the head. Includes complements modifiers and determiners. dependent (Noun)
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SUCCESSOR Legal definition for SUCCESSOR: One who follows or comes into the place of another. 2. This term is applied more particularly to a sole corporation, or to any corporation. The word beir is more correctly a