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Incumbent

ɪnˈkʌmbənt

Incumbent definitions
adjective
incumbent
  1. necessary for (someone) as a duty or responsibility

    "the government realized that it was incumbent on them to act"

  2. (of an official or regime) currently holding office

    "an annual event at which the incumbent president traditionally delivers a speech poking fun at himself"

    current existing present in office in power
  3. (of a company) having a sizeable share of a market

    "powerful incumbent airlines"

noun
incumbent incumbents
  1. the holder of an office or post

    "the present incumbent will soon be retiring"

    • the holder of an ecclesiastical benefice