tenure

tenure definition - business

tenure

  1. The length of time in a person's current employment.
  2. The right to use and occupy property either under ownership or lease. For example, oil companies can bid on tenure rights to explore and produce oil on government property.

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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