Successory
A 'successory' is a person, entity, or process that follows or succeeds another in a particular role, position, business, or other undertaking.
It implies a continuation of a prior activity, inheriting and potentially building upon the foundation laid by its predecessor.
The term highlights the sequential nature of the transfer or transition. A successory might inherit responsibilities, assets, or even liabilities.
The relationship is often characterized by continuity and a degree of dependency on the actions or state of the preceding entity or event.
This term typically sees use in legal, business, or organizational contexts. .
Successory meaning with examples
- Upon the CEO's retirement, the new CFO was appointed as the successory, taking over all financial responsibilities and leveraging the established strategies.
- The new management team took on the role of the successory after the restructuring, inheriting the company's assets and continuing product development.
- In the succession planning of the firm the successor company planned to buy the original to become the successory to a larger, better portfolio of work.
- The company designated its subsidiaries as successory entities to handle the ongoing services for long-term clients and future growth.