Let X be a complete variety of dimension n over an algebraically closed
field K. Let V∙ be a graded linear series associated to a
line bundle L on X, that is, a collection {Vm}m∈N of
vector subspaces Vm⊆H0(X,L⊗m) such that V0=K
and Vk⋅Vℓ⊆Vk+ℓ for all k,ℓ∈N. For
each m in the semigroup N(V∙)={m∈N∣Vm=0}, the linear series
Vm defines a rational map ϕm:X⇢Ym⊆P(Vm), where Ym denotes the closure of the image
ϕm(X). We show that for all sufficiently large $m\in
N(V_\bullet),theserationalmaps\phi_m\colon X\dashrightarrow Y_marebirationallyequivalent,soinparticularY_mareofthesamedimension\kappa,andif\kappa=nthen\phi_m\colon X\dashrightarrow Y_m$ are
generically finite of the same degree. If N(V∙)={0}, we
show that the limit volκ(V∙)=m∈N(V∙)limmκ/κ!dimKVm exists,
and 0<volκ(V∙)<∞. Moreover, if $Z\subseteq
Xisageneralclosedsubvarietyofdimension\kappa$, then the limit (V∙κ⋅Z)mov=m∈N(V∙)limmκ#((Dm,1∩⋯∩Dm,κ∩Z)∖Bs(Vm)) exists, where
Dm,1,…,Dm,κ∈∣Vm∣ are general divisors, and (V∙κ⋅Z)mov=deg(ϕm∣Z:Z⇢ϕm(Z))volκ(V∙) for all
sufficiently large m∈N(V∙).