A patent portfolio is essentially a collection of patents held by a person or organization. Common synonyms for the term could include an intellectual property collection, an innovation reservoir, or a patent pool. Another popular variation of the term is a patent portfolio strategy, which involves creating a diverse portfolio of patents in order to protect an organization's intellectual property and competitive edge. Other alternative phrases could include a patent catalog, a patent library, or a patent vault. Regardless of the specific terms used, it is clear that a strong and varied patent portfolio is a valuable asset for many companies and individuals in today's highly competitive marketplace.