research and development (R&D)
Definition
Systematic activity combining both basic and applied research, and aimed at discovering solutions to problems or creating new goods and knowledge. R&D may result in ownership of intellectual property such as patents. In accounting for R&D costs, the development costs may be carried forward but the basic and applied research costs are often written-off as incurred.
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research and development (R&D) is in the Industries, Manufacturing, & Technology subject.
research and development (R&D) appears in the definitions of the following terms: technical objective, Chief Technology Officer (CTO), technical information and parametric cost estimating
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