|
Members now have access to Chapter Chapter 14 – The Chapter with No Name. |
|
Definition of the word: Outmoded
Outmoded - A device, person or idea that has outlived its financial or political usefulness and has been replaced by something newer and more cost-beneficial to the relevant incorporated class. If a perfectly functional device, such as a TZ-4000, is replaced in production with an identical TZ-4001, the former is outmoded, even if the new model costs ninety-times a much and is only different in that it displays the new and improved logo and perhaps incorporates a few new bugs and design flaws. An employee may become outmoded if a younger, cheaper employee can be obtained. This employee represents an upgrade in profitability to the corporation, therefore the would-be retiree is no longer sufficiently "current" to be retained. This ideally takes place mere minutes before any promised long-term, good-faith benefits would fully vest to the outmoded liability, or employee if you prefer. For an example of this word used in context, read this page. This page may have been updated since this "Printer Friendly" page was created. Read this passage in its current form online at www.tekjansen.com/glossary/outmoded.php.