The Federal Accounting Standards Advisory Board (FASAB) issued a standard that it said is aimed at resolving problems created, in part, by agencies’ use of different interpretations of “deferred ...

Inspecting hardware on a regular basis to ensure it stays in good running order. Preventive maintenance generally implies taking the equipment out of operation during the maintenance period. In the ...

A repair service that is required because the product malfunctioned. Contrast with preventive maintenance and percussive maintenance. THIS DEFINITION IS FOR PERSONAL USE ONLY. All other reproduction ...