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The Merrill Wheel-Balancing System was the world's first electronic dynamic wheel-balancing system. It was invented in 1945 by Marcellus Merrill at the Merrill Engineering Laboratories, 2390 South Tejon Street, Englewood, Colorado , and is now recorded on the list of IEEE Milestones in electronic engineering [ 1 ] and as an American Society of ...
Cashier balancing [1] or cashing up is the process of a cashier counting the money in a cash register at the end of a business day or working shift. The process is usually conducted in businesses such as grocery stores , restaurants and banks , and makes the cashier responsible for the money in their cash register.
Two-plane, or dynamic, balancing is necessary if the out-of-balance couple at speed needs to be balanced. The second plane used is in the opposite wheel. Two-plane, or dynamic, balancing of a locomotive wheel set is known as cross-balancing. [11] Cross-balancing was not recommended by the American Railway Association until 1931.
The following is a list of services generally offered by banks and utilized by larger businesses and corporations: [5] Account reconciliation Bank reconciliation can be difficult for a very large business: since it issues so many checks, it can take a lot of human effort to work out which checks have not cleared and therefore what the company's true balance is.
In accounting, reconciliation is the process of ensuring that two sets of records (usually the balances of two accounts) are in agreement. It is a general practice for businesses to create their balance sheet at the end of the financial year as it denotes the state of finances for that period. Reconciliation is used to ensure that the money ...
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Asset and liability management (often abbreviated ALM) is the term covering tools and techniques used by a bank or other corporate to minimise exposure to market risk and liquidity risk through holding the optimum combination of assets and liabilities. [1]
wheel-out, where the generation resource is inside the boundaries of the transmission system but the load is outside. Wheeling often refers to the scheduling of the energy transfer from one balancing authority to another. The wheeling of electric energy requires use of a transmission system, often with an associated fee that goes to the ...