Helpful Terms and Definitions
Activity Based Cost Accounting
Definition:
An accrual-based accounting method for determining unit-based costs of delivering services by allocating the costs to budgetary resources; it measures the performance and costs related to a specific activity or function.
Servicemarks
Definition:
word, phrase, logo, symbol, color, sound or smell used by a business to identify a service (e.g. transportation, insurance) and distinguish it from those of its competitors.
First To file
Definition:
The first person/entity to file an application for a patent receives the patent no matter who was the first to invent the invention.
Joint Application
Definition:
An application in which the invention is presented as that of two or more persons. Such as joint inventor.
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