Preventative maintenance refers to tasks that maintain assets on a regular basis to optimize performance and prevent unexpected breakdowns that could push up asset tracking costs. Depending on the ...

Corrective maintenance refers to any tasks that identify and fix faulty equipment or systems in order to restore them to working order. Incorporating it into your management strategy can keep your ...

Yield maintenance is a prepayment penalty designed to safeguard lenders against losing interest income when a borrower decides to settle a loan ahead of schedule. Yield maintenance compensates for ...

"Physical capital maintenance" is a concept that does not necessarily have a straightforward definition in the business and accounting worlds. However, in "The Blackwell Encyclopedic Dictionary of ...

Every small business needs to take in more money than it spends to achieve profitability and be successful in the long term. As businesses operate, they constantly spend money on items such as ...

Many vessel owners employ full-time captains, mates, stewardesses and engineers. However, most owners are unfamiliar with their obligations and responsibilities to crewmembers under maritime law.