Examlex
Interest earned on the sinking fund will be subtracted from the Sinking Fund account.
Enable
To make a device or system operational; to allow a process or function to proceed.
Permanent Contact
A type of electrical contact that remains closed to ensure a constant flow of electricity, typically used in switches or relays.
Normally Open
A term describing an electrical switch or relay contact that is open (not conducting) when in its default state, closing only in response to a control action.
Normally Closed
A term used to describe a switch or circuit condition where the default state is closed, allowing current to flow unless actuated to open.
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