incumbency
C2CEFR level
80/100Rarity: very rare
TechnicalRegister
Law noun
The holding of an office or position, or the period during which it is held.
Several major acquisitions were completed during the chairman's incumbency.
Business noun
The established position and advantages held by a market's existing leader.
Years of incumbency had left the bank complacent and slow to answer nimble fintech entrants.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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