[in-kuhm-buh
nt] 
| 1. | holding an indicated position, role, office, etc., currently: the incumbent officers of the club. |
| 2. | obligatory (often fol. by on or upon): a duty incumbent upon me. |
| 3. | Archaic. resting, lying, leaning, or pressing on something: incumbent upon the cool grass. |
| 4. | the holder of an office: The incumbent was challenged by a fusion candidate. |
| 5. | British. a person who holds an ecclesiastical benefice. |
| in·cum·bent (ĭn-kŭm'bənt) adj.
[Middle English, holder of an office, from Medieval Latin incumbēns, incumbent-, from Latin, present participle of incumbere, to lean upon, apply oneself to : in-, on; see in-2 + -cumbere, to recline.] in·cum'bent·ly adv. |
One who holds a public office. By virtue of their experience in office, their exposure to the public, and their ability to raise campaign funds, incumbents usually have a significant advantage over opponents if they choose to run for reelection.
Incumbent
An individual that is responsible for a specific office within a corporation.
Investopedia Commentary
All incumbents of an organization, such as directors and officers, are listed on an incumbency certificate.
Related Links
The Basics Of Corporate Structure
Evaluating A Company's Management
See also: Chief Executive Officer - CEO, Chief Financial Officer - CFO, Corporation, Incumbency Certificate
