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Meaning / Definition of

Multiple Exchange Rates

Categories: Forex,

A system where a country will have both fixed and floating foreign exchange rates at the same time, and both can be used when exchanging currencies in that country. In this situation, the market is divided into any number of segments, each with its own exchange rate. This is frequently used to give preferential treatment to people dealing with goods and products that are the most important to the country; people importing these goods can be given a better exchange rate than people who are importing goods that are not as necessary for the country. If a country only imposes two different exchange rates at the same time, it is referred to as a dual exchange rate system.

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Definition / Meaning of

Section 9 Renewal Application

Categories: Patent,

a sworn document, filed by the owner of a registration, to avoid the expiration of a registration. Federal trademark registrations issued on or after November 16, 1989, remain in force for 10 years, and may be renewed for 10-year periods. trademark registrations issued or renewed prior to November 16, 1989 remain in force for 20 years, and may be renewed for 10-year periods. trademark owners have a total of 18 months to file a §9 Renewal Application. The §9 Renewal Application may be filed one year prior to the registration expiration date or during the 6-month grace period immediately after the date of expiration. If the §9 Renewal Application is not filed or is filed after the grace period ends, the registration will expire. Because the due date of the 10-year §8 Declaration coincides with the due date of the §9 Renewal Application, the USPTO created a form entitled "Combined Declaration of use in commerce and Application for Renewal of Registration of a Mark Under Sections 8 & 9" -- see File a §8 & §9 Combined Declaration

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