If a Trademark Becomes Generic or If It Loses Its

question 86

True/False

If a trademark becomes generic or if it loses its distinctiveness,it also loses its status as a protected trademark.

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Definitions:

Contract Interest Rate

The interest rate specified in a loan agreement or contract, typically fixed for the life of the loan.

Face Value

The nominal value or dollar value of a security stated by the issuer, also known as par value, especially relevant for bonds and stock certificates.

Market Rate

The prevailing interest rate available in the marketplace on investments or loans, subject to changes based on supply and demand and economic conditions.

Discount

A reduction from the usual cost of something, often used to encourage sales or purchases.