Examlex
A torque converter should always be replaced during rebuilding as the internal lock-up clutch may be worn.
Collective Goods
Also known as public goods, these are commodities or services that provide benefits to all members of a society and are not depleted by individual use.
Drug Awareness
Programs or initiatives aimed at educating individuals about the effects, risks, and laws related to drug use and misuse, with the goal of preventing substance abuse.
Disbursement Basis
An accounting method in which expenditures and revenues are recorded when cash is actually disbursed or received, rather than when they are incurred.
Accrual Basis
An accounting method where income and expenses are recorded when they are earned or incurred, regardless of when the cash transaction happens.
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