Examlex
Assets and liabilities are presented in a different order on a balance sheet prepared following IFRS than on a balance sheet prepared following U.S.GAAP.
NLGI Grade
A classification given by the National Lubricating Grease Institute indicating the consistency of lubricating grease.
Lithium-Based Grease
A lubricant made primarily of lithium soap which is known for its high resistance to heat and its use in automotive and industrial applications.
Operating Angles
The specific angles at which certain mechanical parts, such as driveshafts, are designed to operate efficiently.
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