Business
In business the term "incumbent" is used for the largest company in a certain industry, for instance the traditional phone company in telecommunications, typically called the "incumbent operator". In a sales process, such as public tender, incumbent may also refer to the vendor that has the largest existing commercial relationship with the issuer of the tender.
In large corporations it is the incumbent who is the holder of an office, or one that occupies a particular position.
Read more about this topic: Incumbent
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