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Term
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Definition
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| Obsolescent Scrap |
see Obsolete Scrap
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| Obsolete Scrap |
Scrap material derived from products that have outlived their useful lives. Examples include demolition scrap, old appliances, scrap vehicles, retired railcars. The product has become 'obsolete' due to age, wear and tear, or fashion ... and has been scrapped. Also called obsolescent scrap, old scrap, and sometimes capital scrap.
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| Off Line |
On a railroad carrier other than the one in consideration, but also involved in the specific movement. |
| Off Line Freight |
That portion of the freight charges that applies to the off line railroad. |
| On Consignment |
Scrap shipped to consumer to be paid for at a later pre-determined date. Ownership of the scrap remains in the hands of the broker until paid for. |
| On Line |
On tracks of a specific railroad. |
| On Line Switch |
Only one railroad carrier is involved in the movement from origin to destination, and that within a specific switching district. |
| On or Before |
A contract term limiting the date on which a shipment or shipments may be made.
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| On Track |
A car loaded with scrap, located either at shipping point or destination, for which a railroad is awaiting further instructions as to where it is to be shipped. |
| Open Hearth |
A broad, shallow hearth to refine pig iron and scrap into steel. Heat is supplied from a large, luminous flame over the surface, and the refining takes seven to nine hours. Open Hearths, at one time the most abundant steelmaking furnaces among integrated companies, have been replaced by the basic oxygen furnace.
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