See: 'waiver of.

The metal axle of a block upon which the sheave revolves.

A term used to describe the vessel which must yield in meeting, crossing, or overtaking situations.

A loss discovered before or at the time of delivery of a shipment.

An option strategy in which one call and one put with the same strike price and expiration are.

Debts owed by a company which are due for settlement within 12 months. These include creditors and...

In spray painting, the process of applying the final coat of paint at a lower air pressure. Used to uniform a finish or blending.

The capacity for floating.

An outrigger used to hold a block clear of a mast or of the ship's side.

The aft edge of a sail, more commonly called the leech.

A test applied to the first machine of anew design.

Side stays from the masthead to the rail..

Compressor controls will run the compressor at varying loads to accommodate demand variations. Running a compressor at less than full load results in a drop in compressor efficiency and thus an increase in operating costs.

An instrument for measuring differences in electric potential.

A sail placed forward of the mast, such as a jib; the sail set from the foremast on a schooner; the lowest square sail on the foremast of Square Riggers.

(1) A false keel. (2) The projection of the keel abaft the stern frame where the spindle of the rudder rests.

A charge for delaying a steamer beyond a stipulated period.

The current flowing freely through an external circuit that has no load or resistance; the maximum current possible.

A short length of chain, usually 15 fathoms (90 feet). (Method of measuring chain.)

A bridge that swings away from the waterway so that boats may pass beside it.