incumbency

Noun

incumbency (countable and uncountable, plural incumbencies)

1. The state of being incumbent.
2. An obligation or duty.
3. A tenure.
4. (figuratively) Benefice, lucrative position or possession.
   • The early antitrust reformers warned that even beyond its effect on prices, economic power could buy influence in Congress. Monopolies don’t just dominate their own industries, Justice Louis Brandeis said in 1933; they monopolize political power as well, which allows them to protect their...2016 October, Derek Thompson, “America’s Monopoly Problem”, in The Atlantic
   • ORR believes the two companies have incumbency advantages dating back to privatisation.2021 May 19, “Network News: ORR: signalling market lacks sufficient competition”, in RAIL, number 931, page 23