Wednesday, 20 March 2013

Know thy meaning


generic mark
Definition
A legally unprotected distinguishing mark, usually in the form of a symbol or a word used to categorize and define a type of product or service. Refers to the trademark names of the goods and services that have lost their trademark protection properties over time due to generic usage by the consumers and competitors. Examples include names like Vaseline, Cellophane, Trampoline and Yo-Yo.

clean
  
Definitions (4)
1. AccountingAuditor's certificate that is free from any adverse opinion.
2. Finance: State of being free from debt, such as a 'clean balance sheet.'
3. Shipping: Documents that are free from any adverse endorsement, such as a clean bill of lading.
4. TradingDraft or bill of exchange to which no shipping document is attached, issued to customers in good credit standing. See also clean collection.sbank.in

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