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Failover Is a Specific Type of Fault Tolerance That Occurs

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Failover is a specific type of fault tolerance that occurs when a redundant storage server offers an exact replica of the real-time data, and if the primary server crashes, the users are automatically directed to the secondary server or backup server. This is a high-speed and high-cost method of backup and recovery.


Definitions:

Balance Sheet Approach

A method for evaluating a company's financial health by examining its assets, liabilities, and equity at a specific point in time.

Allowance for Doubtful Accounts

A contra-asset account that represents an estimate of receivables that may not be collectible.

Contra-Asset

An account on a company's balance sheet representing a deduction from the gross amount of an asset to calculate its net book value.

Balance Sheet

A financial statement that reports a company's assets, liabilities, and shareholders' equity at a specific point in time, providing a basis for computing rates of return and evaluating its capital structure.

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