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TeachMeFinance.com - explain Patent patent -- in real estate, a patent is the original document issued for the purpose of granting public land to an individual. another definition... Patent -- A grant by law of a privilege, property, or authority, to one or more individuals - including the grant to an inventor of the right to exclude others from making, using or selling the invention for a term of years. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.