Examlex
Under the allowance method for uncollectible accounts, the net realizable value of receivables is the same both before and after an account has been written off.
Redundant Electrical Path
An additional pathway in an electrical circuit designed to ensure continuous operation even if one path fails.
Holding Contacts
Electrical contacts in a relay or switch that maintain their state until altered by a specific action, used to hold circuits closed or open.
Energized
Describes an electrical component that is supplied with power and is capable of performing its function or operation.
Normally Open
A configuration in electrical contacts indicating the default state is non-conductive, closing to complete a circuit when activated.
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