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A legally binding agreement between two or more persons/organizations to carry out reciprocal obligations or value.



Related Terms

CANTILEVER FOOTING

A footing used to carry a load from two columns, with one column and one end of the footing placed against a building line or exterior wall.

STACKTRAIN

A rail service whereby rail cars carry containers stacked two high on specially operated unit trains.

INTERCHANGE

Reciprocal exchange of e.g. information between two or more parties.

BILL OF LADING (B/L)

A contract for the carriage of goods by a carrier. Usually issued by a carrier to a shipper upon surrendering of the 'mate's receipt', it becomes the receipt of goods for transport and specifies the terms of delivery. The document has the following functions: 1. A receipt for goods, signed by a duly authorised person on behalf of the carriers. 2. A document of title to the goods described therein. 3. Evidence of the terms and conditions of carriage agreed upon between the two parties.

EDUCTOR

  1. An ejector-like device for mixing two fluids. 2. See ejector.

DOUBLE HOOKE'S JOINT

A universal joint which eliminates the variation in angular displacement and angular velocity between driving and driven shafts, consisting of two Hooke's joints with an intermediate shaft.

MOHM

A unit of mechanical mobility, equal to the reciprocal of 1 mechanical ohm.

HERRINGBONE GEAR

The equivalent of two helical gears of opposite hand placed side by side.

GATE

A circuit which has two or more input-signal ports and which delivers an output only if and when every input signal port is simultaneously energized. circuit; passive AND gate.

DIFFERENTIAL MANOMETER

An instrument in which the difference in pressure between two sources is determined from the vertical distance between the surfaces of a liquid in two legs of an erect or inverted U-shaped tube when each of the legs is connected to one of the sources.

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