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working

Working stock

1) The stock of materials, components and subassemblies (excluding safety stock) held in advance of demand so that ordering can be done on a lot size rather than on an as-needed basis.

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Working capital

1) Funds needed by a business to meet its day-to-day expenditure (ie operating expenses).

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‘Dead’ (and ‘light’) working

1) Situation where a bus or train, for example, has to be worked (ie run) back to its base or terminal either to operate the next service or for maintenance. Invariably these operations are conducted without carrying fare-paying passengers and are thus dead or light so far as revenue earning is concerned.

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