Examlex
In a partnership liquidation, if a partner has a debit capital balance in his or her capital account, he or she is responsible for contributing personal assets sufficient to eliminate the deficit.
PLCs
Programmable Logic Controllers, industrial digital computers used for the automation of electromechanical processes, such as control of machinery on factory assembly lines.
Relay Schematic
A diagram representing the electrical connections and functions of a relay, used to facilitate understanding and troubleshooting.
Ladder Logic
A graphical programming language used to develop software for industrial control systems, resembling the schematic diagrams of relay logic hardware.
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