issuance

Vocabulary Word

Definition

'Issuance' refers to the process of supplying or distributing something, usually formally or officially. It's like when a library issues new library cards to its members.

Examples in Different Contexts

In technology firms, 'issuance' of patents is critical. An intellectual property lawyer might assert, 'The issuance of patents protects technological innovations, secures exclusive rights, and fosters a competitive advantage in the market.'

Practice Scenarios

Business

Scenario:

Our shareholders have approved the idea of raising more capital. What would be the next step in the process?

Response:

The next step would be the issuance of new shares to raise the required capital.

Public-Policy

Scenario:

The public service process needs to be streamlined for greater efficiency. Can you suggest a way forward?

Response:

A considerable improvement would be streamlining the issuance process in all public services.