A general term used to imply that a part in service (1) has become completely inoperable, (2) is still operable but is incapable of satisfactorily performing its intended function, or (3) has deteriorated seriously, to the point that it has become unrelia ...
The theoretical price at which a futures contract should trade to be equivalent to the purchase.
A bond which was issued at a rating of AAA to BBB (investment grade) which has since fallen in.
An additional keel secured outside the main keel, usually as protection in the event of grounding.
A type of term assurance in which, following the death of the life assured, instalments, rather than.
A device that moves and/or circulates air and provides ventilation for a room or a building.
A heat exchanger coil in which a fluid such as water is circulated and a fan blows air over the coil to distribute heat or cool air to the different rooms.