Examlex
A position in stocks and options that is hedged with respect to fluctuations in the price of the underlying asset is said to be
Discard Limit
The specified point of wear or damage at which a component or part is no longer considered safe or functional and must be replaced.
Parallelism
The extent to which the friction surface of a brake disc varies in thickness. Slight variations in rotor thickness result in brake pedal pulsation as the pads must move in and out to compensate. Also called taper or thickness variation.
Runout
The degree of wobble or deviation from true circular rotation often related to rotors or wheels.
Rotor Parallelism
The degree to which both sides of a brake rotor are equidistant to each other, essential for smooth braking.
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