(VAT) - a form of indirect sales tax paid on products and services at each stage of production or distribution, based on the value added at that stage and included in the cost to the ultimate customer.

Related Terms

SEQUESTER

To form a stable, water-soluble complex.

BALL BEARING

An anti-friction rolling type bearing containing rolling elements in the form of balls.

CLOUD POINT

The temperature at which waxy crystals in an oil or fuel form a cloudy appearance.

CRACKING

The process whereby large molecules are broken down by the application of heat and pressure to form smaller molecules.

DEMULSIBILITY

The ability of a fluid that is insoluble in water to separate from water with which it may be mixed in the form of an emulsion.

FLAG OF CONVENIENCE

Flags of nations which offer favorable tax structures and regulations. Ships registering under the laws of these nations are not always required to establish their home location in that country.

CARBON

A non-metallic element - No. 6 in the periodic table. Diamonds and graphite are pure forms of carbon. Carbon is a constituent of all organic compounds. It also occurs in combined form in many inorganic substances; i.e., carbon dioxide, limestone, etc.

BRINELLING

Permanent deformation of the bearing surfaces where the rollers (or balls) contact the races. Brinelling results from excessive load or impact on stationary bearings. It is a form of mechanical damage in which metal is displaced or upset without attrition.

GRAPHITE

A crystalline form of carbon having a laminar structure, which is used as a lubricant. It may be of natural or synthetic origin.

EMULSIBILITY

The ability of a non-water-soluble fluid to form an emulsion with water.

Related questions

MarineProHelp 2018 - 2022