What does Surplused mean?
adjective. being a surplus; being in excess of what is required: surplus wheat. verb (used with object), sur·plussed or sur·plused,sur·plus·sing or sur·plus·ing. to treat as surplus; sell off; retire: The government surplussed some of its desert lands.
What is the best definition of surplus?
Definition of surplus (Entry 1 of 2) 1a : the amount that remains when use or need is satisfied. b : an excess of receipts over disbursements. 2 : the excess of a corporation’s net worth over the par or stated value of its stock.
What is used equipment?
More Definitions of Used Equipment Used Equipment means all Eligible Equipment which is not New Equipment. Used Equipment means mechanical or electrical equipment that has been previously installed or refurbished, or is no longer under a standard manufacturer’s warranty.
What does Surplused mean in teaching?
As a Principal is staffing a school, a teacher may be declared fully surplus or partially surplus. If you are declared fully surplus, it is because there was no position available at their school. Your name will be placed on the Surplus Leave of Absence (SLOA) List for your entire entitlement.
What are surplus items?
1. The definition of surplus is something that is in excess of what you need. An example of surplus goods are items you do not need and have no use for. An example of surplus cash is money left over after you have paid all of your bills.
What does surplus mean example?
A surplus is when you have more of something than you need or plan to use. For example, when you cook a meal, if you have food remaining after everyone has eaten, you have a surplus of food.
What is earthwork equipment?
Earthmoving equipment is heavy equipment, typically heavy-duty vehicles designed for construction operations which involve earthworks. They are used to move large amounts of earth, to dig foundations for landscaping and so on. Most earthmoving equipment uses hydraulic drives as the primary source of motion.
What is considered an equipment?
Equipment includes machinery, furniture, fixtures, vehicles, computers, electronic devices, and office machines. Equipment does not include land or buildings owned by a business. From an accounting standpoint, equipment is considered capital assets or fixed assets, which are used by the business to make a profit.
What is a new equipment?
New Equipment means Equipment which has not previously been used other than in tests of that Equipment.
What is equipment mean?
1a : the set of articles or physical resources serving to equip a person or thing: such as. (1) : the implements used in an operation or activity : apparatus sports equipment.
What does it mean to be declared surplus?
Related Definitions DECLARED SURPLUS means that the employee has insufficient seniority and/or qualifications to be matched to an ongoing position that is deemed to be a reasonable offer in his/her unit of application.