portability

portability definition - business

portability

  1. The right of an employee to transfer a pension or some other specified benefit to a new job.
  2. The ability of an investor to transfer a proprietary brokerage product, such as a mutual fund, to an account at a different brokerage firm.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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