![]() Business leaders such as chief executive officers (CEOs) are incumbents of a company, while a senator is a political incumbent. This person has certain responsibilities that come with their position. It most commonly refers to a person with a position in a specific office whether they are part of a company or an elected official. The word "incumbent" has several different meanings depending on the context in which it's used. In political elections, incumbents most often win re-election rather than the challenger winning the position.gvnmnt the act of governing exercising authority. These leaders include current directors, officers, and may also include main shareholders. a temporary government moved to or formed in a foreign land by exiles who hope to rule when their country is liberated. Companies list their leaders on an incumbency certificate.Incumbents also refer to business relationships, and in politics, the incumbent is an individual who currently holds office.In business, an incumbent may also refer to a leader, specifically the leader of a company or a company that holds a large portion of the industry's market share. ![]() The term incumbent has many different meanings, though normally refers to an individual who currently holds responsibilities within a corporation or a branch of the government.
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