Equipment that fails in a selective way by shutting down the nonessential functions. It keeps primary work going until it can be fixed.

A situation where a selling DEALER has not delivered securities to the buying dealer, and will thus not receive payment. Fails are commonly used as a measure of operationsbased PROCESS […]

A situation where a buying DEALER has not received securities from the selling dealer, and will thus not make its payment. Fails are commonly used as a measure of operationsbased […]

A transaction that won’t settle on the date contracted. It happens when parties disagree on the quality of items delivered.

In French law . Bankruptcy ; failure; the situation of a debtor who findshimself unable to fulfill his engagements. Code de Com. arts. 442, 580; Civil Code La’,art. 3522.

How a machine or system can transfer the failed operations to a back up without interupting flow.

In a general sense, deficiency, want, or lack ; ineffectualness ; inefficiencyas measured by some legal standard; an unsuccessful attempt. White v. Pettijohn, 23N. C. 55; State v. Butler, 81 […]

Examining equipment to find the cause of the problems or potential failure.

Buying that brings the designer and manufacturer together to improve an item.

The failure rate of a semiconductor or electronic device. 1 FIT = 1 failure/billion hrs.

How equipment failure happens due to premature operation, scheduled failure, shutting down, during operatoin, or degraded functionality.

Finding a cause in similar failures. The malfunction appears before and after the actual failure.

When failure modes of a subitem is analyzed for effect on other systems and consequences for the whole system.

The plan after a failure and its analysis where the effect is classified by probability and severity.

When a contract party fails to do what they agreed to. The other party as to get restitution and make a claim.

This term means to not provide enough evidence that will sustain and win the law suit.

the inability of an owner to be able to prove that they are the rightful owner of a property.

the term used when a person does not file an income tax return.

This term applies to bank that fails to pay the depositor’s when they want there money and the failing of a person tom meet his obligations.

A penalty for the IRS for not filing taxes. It covers the date you didn’t file to the date you did adding 5% for each month late. The maximum penalty […]

In old English practice. An action was so called where the party bringing it had no title torecover, although the words of the writ were true; a false action was […]

A fraudulent, false, or collusive manner of pleading to the deceptionof a third person .

n. In English law . A greater species of market; a privileged market. It is anincorporeal hereditament, granted by royal patent, or established by prescriptionpresupposing a grant from the crown.In […]

A plan the government that a property woner can’t get property insurance and has to go to a FAIR plan insurer.

a term found in laws of bankruptcy where the creditors are paid fairly and reasonably.