capacity

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Capacity

Credit grantors' measurement of a person's ability to repay loans.

Capacity

The theoretical maximum number of products a company can produce at a given time. For example, an oil pump may have a capacity of X barrels per day, meaning that it cannot produce more than X. Companies rarely operate at full capacity, both to allow themselves leeway in the event of increased demand and because capacity may not be possible at a given time because of worker illness, machinery maintenance, or other reasons.

capacity

the maximum amount of output that a firm is physically capable of producing, at a point in time, given the fullest and most efficient use of its existing plant or plants.

Over time, a firm may adjust its capacity to meet changes in demand and the competitive situation facing it, investing in new plant or extending existing plant to meet an increase in demand, or closing down plant, permanently or temporarily (‘MOTHBALLING’), to meet a situation of OVERCAPACITY.

When preparing a PRODUCTION BUDGET, it is necessary to ensure that the firm has sufficient production capacity to meet planned output levels. A firm's capacity or the capacity of industry in general may be limited by the availability of capital equipment and labour.

The maximum rate of output which the firm can produce will depend upon the capacity of its individual factories which in turn depends upon the capacity of various departments and work stations within each factory See INPUT-OUTPUT CONTROL, PRODUCTION SCHEDULING, PRODUCTION-LINE BALANCING. See CAPACITY UTILIZATION, LIMITING FACTOR, RATIONALIZATION, INDIVISIBILITIES, CAPACITY CONSTRAINED RESOURCE, CAPACITY CONTROL, CAPACITY CUSHION, CAPACITY PLANNING, CAPACITY REQUIREMENTS PLANNING.

capacity

  1. 1the maximum amount of output that a firm or industry is physically capable of producing given the fullest and most efficient use of its existing plant. In microeconomic theory, the concept of full capacity is specifically related to the cost structures of firms and industries. Industry output is maximized (i.e. full capacity is attained) when all firms produce at the minimum point on their long-run average total cost curves (see PERFECT COMPETITION). If firms fail to produce at this point, then the result is EXCESS CAPACITY.
  2. in macroeconomics, capacity refers to POTENTIAL GROSS NATIONAL PRODUCT. The percentage relationship of actual output in the economy to capacity (i.e. potential national income) shows capacity utilization. See also MONOPOLISTIC COMPETITION.

capacity

The legal ability of parties to enter into contracts.
• Full capacity. Having unlimited ability to enter into binding contracts of all types.
• Limited capacity. Having the ability to enter into binding contracts for certain things, such as a minor's contracts for necessities, but also having the ability to disaffirm other contracts upon reaching legal age, for example.
• No capacity. Having no ability to enter into contracts, such as one who has been adjudicat- ed as mentally incompetent.

References in periodicals archive ?
With respect to significant increases in FVC IN and FVC EX after 12 weeks of interval training it seems that improvement of these capacities were due to strengthening of respiratory muscles (expiration and inspiration muscles).
FVC will be working with Esnatech to introduce the new technology to its partners and customers across the region and will be the first point of contact for ongoing training and support in the MENA region, the company concluded.
FVC will be present alongside its vendors at the Dubai International Convention and Exhibition Centre in Stand Z-H1, Zabeel Hall taking place Oct.
Sonuc olarak, osteoporoz grubunda osteopeni grubuna gore solunum fonksiyonlarindan olculen FEVi ve olculen FVC degerlerini anlamli olarak daha dusuk bulduk.
With FVC as a Value Added Distributor, we can provide first class support in the region's native language and guarantee a continuity of service to our end-users.
Land's fourth visit on June 19, 2003, revealed a drop in his FVC, though it still was not low enough to qualify for NIPPV.
The Stable Outlook reflects Fitch's expectation that FVC will produce steady cash flow and turnover entrance fees to cover its increased debt service requirements through stabilization in 2015.
FVC s business strategy is indeed built around demand creation/evangelization of innovative technologies with end-users, and enablement for education, training and technical competence to support the end-users.
Regional VAD FVC, has signed an agreement with Unify (formerly Siemens Enterprise Communications) to distribute its range of unified communications (UC) and contact centre solutions across UAE, Kuwait, Qatar, Oman, Bahrain and Pakistan.
like FVC who can help us meet our customers complete business needs with
Fitch believes this project is necessary to ensure FVC remains competitive within its market.
Our industry-leading, core technology is capable of integrating all networking standard protocols and multi-media applications to deliver a rich media communications platform," said Ralph Ungermann, chairman and CEO of FVC.