In an electrical system, the connection box where all the circuit systems are installed with a series of electrical breakers. The major distribution or collection duct in an air-conditioning system. The major pipe in a plumbing distribution system to which all other pipes are connected. ...

Person or business that provides an option to someone else....

Deterioration in property resulting from its ordinary use and from the aging process. An examples an apartment building that physically deteriorates over the years....

Provision that the equity of an insured in a life insurance policy cannot be forfeited. There are four benefits a policyholder can select under the option: cash surrender value, extended term insurance, loan value, and paid-up insurance. If none is elected, a clause in the policy will stipulate the ...