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Meaning / Definition of

Narrowing The Spread

Categories: Stocks, Investing and Trading,

Shortening the gap (spread) between the price a buyer is offering to pay (bid price) for a share of a stock and the price a seller is quoting to sell it at (ask price). As the spread narrows, more buyers and sellers join in and the market for the stock comes alive. also called price improvement.

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Definition / Meaning of

Principal Register

Categories: Patent, Legal, ,

primary trademark register of the USPTO. When a mark has been registered on the Principal Register, the mark is entitled to all the rights provided by the trademark act. The advantages of owning a registration on the Principal Register include the following: constructive notice to the public of the registrant’s claim of ownership of the mark (15 U.S.C. Section 1072); A legal presumption of the registrant’s ownership of the mark and the registrant’s exclusive right to use the mark nationwide on or in connection with the goods and/or services listed in the registration (15 U.S.C. Sections 1057(b) and 1115(a); A date of constructive use of the mark as of the filing date of the application (15 U.S.C. Section 1057(c); TMEP Section 201.02); The ability to bring an action concerning the mark in federal court (15 U.S.C. Section 1121); The ability to file the U.S. registration with the U.S. Customs Service to prevent importation of infringing foreign goods (15 U.S.C. Section 1124); The registrant’s exclusive right to use a mark in commerce on or in connection with the goods or services covered by the registration can become “incontestable,” subject to certain statutory defenses (15 U.S.C. Sections 1065 and 1115(b)); and The use of the U.S. registration as a basis to obtain registration in foreign countries.

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