Examlex
In a not essentially equivalent redemption [§ 302(b)(1)], the meaningful reduction test is an objective safe harbor rule that taxpayers can rely upon for sale or exchange treatment.
Redundant PLC System
A PLC setup where multiple processors or systems are used in parallel to ensure continued operation in case one fails.
Two Processors
A system configuration that involves two central processing units (CPUs) working together, often to increase performance or provide redundancy.
Actuator
A device used to convert a control signal into mechanical motion.
Discrete Output
Pertains to an output signal in automation systems that has only two states, commonly referred to as On or Off.
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