Upgrade Right
Term Definition The right to receive one or more specific upgrades/enhancements that are to be sold separately. The upgrade right may be evidenced by a specific agreement, commitment, or the vendor’s established practice. Upgrade Right is factored into cost of delivery of Deferred Revenue. Area of Application Revenue Recognition Related Terms Project Accounting Post Contract Customer […]
Term Definition
The right to receive one or more specific upgrades/enhancements that are to be sold separately. The upgrade right may be evidenced by a specific agreement, commitment, or the vendor’s established practice. Upgrade Right is factored into cost of delivery of Deferred Revenue.
Area of Application
Revenue Recognition
Related Terms
Project Accounting
Post Contract Customer Support (PCS)
Vendor Specific Objective Evidence (VSOE)
