Examlex
The unified transfer tax system,comprised of the gift and estate taxes,is based upon the total property transfers an individual makes during lifetime and at death.
Product Development
The creation of new products or the improvement of existing products, including design, development, and marketing phases.
Commercialization
The process of bringing new products or technologies to the market, involving the development, production, marketing, and sale to end-users.
New Product
An item or service recently developed or introduced to the market, offering new value to consumers.
Breakthrough
Refers to a significant and sudden advance or discovery that opens up new possibilities in a field of study, technology, or industry.
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