Amortization Market

Term sometimes used by intellectual property practitioners to describe the size of a market necessary before a product can recover its cost of development. In essence, the larger the amortization market, the fewer jurisdictions an inventor needs to apply for a patent in, since as a practical matter, if the remaining markets where no patents subsist are collectively too small to be profitable, the major market patents obtained are enough to guarantee market exclusivity. Minimum Viable Market is a synonym.