Definition of "incumbency" []

• The quality or condition of being incumbent. (noun)
• Something incumbent; an obligation. (noun)
• The holding of an office or ecclesiastical benefice. (noun)
• The term of an office or benefice. (noun)

American Heritage(R) Dictionary of the English Language, Fifth Edition. Copyright (c) 2011 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

• "And what moral, legal, or other incumbency is there that dictates Israel build housing in West Jerusalem for Arabs?"
• "Genesis Photos for The Wall Street Journal Vinod Khosla, Managing Partner, Khosla Ventures This is one of my big beefs with the way we think about capitalism in this country: We fundamentally support what I call incumbency capitalism."
• "In the United States in general, according to Khosla, "we do not support innovation capitalism," preferring instead to support established corporations through what he termed "incumbency capitalism.""