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Electricity. A "flat rate" (more accurately known as fixed rate) for electricity is a fixed price per unit ( kWh ), not a fixed price per month, and thus different from that for other services. An electric utility that charges a flat rate for electricity does not charge different rates based upon the demand that the customer places on the system.
Failure rate. Failure rate is the frequency with which an engineered system or component fails, expressed in failures per unit of time. It is usually denoted by the Greek letter λ (lambda) and is often used in reliability engineering . The failure rate of a system usually depends on time, with the rate varying over the life cycle of the system.
Flat rated. When an engine is flat rated it means that an engine of high horsepower rating is constrained to a lower horsepower rating. The engine output in this case will always remain the same, but when atmospheric conditions such as high temperatures and high altitude ("hot and high") reduce the power output of the engine it has more ...
Flat interest rate mortgages and loans calculate interest based on the amount of money a borrower receives at the beginning of a loan. However, if repayment is scheduled to occur at regular intervals throughout the term, the average amount to which the borrower has access is lower and so the effective or true rate of interest is higher.
Run-flat tire. A run-flat tire is a pneumatic vehicle tire designed to resist the effects of deflation when punctured, allowing the vehicle to continue to be driven at reduced speeds for limited distances. First developed by tire manufacturer Michelin in the 1930s, run-flat tires were introduced to the public market in the 1980s.
New data out on Wednesday from the Bureau of Labor Statistics showed auto insurance costs last month were 22.2% higher than they were a year ago and increased from February's 20.6% year-over-year ...
Van Diemen RF01 Racing Car Suspension. Suspension is the system of tires, tire air, springs, shock absorbers and linkages that connects a vehicle to its wheels and allows relative motion between the two. [1] Suspension systems must support both road holding/ handling and ride quality, [2] which are at odds with each other.
In the CPI calculation, auto insurance has a weighting of nearly 3%, so it’s a significant component. The recent trends probably do not “mean that your premium will fall, but we think the rate ...