maintenance

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Maintenance

Appropriate ongoing adjustments to security holder records.

Maintenance Margin

The money or securities an investor keeps in a margin account in order to be able to borrow from a brokerage for short sales or other purposes. The maintenance is kept as collateral until the brokerage calls the margin and the client pays back what is owed. FINRA requires that the maintenance kept must be at least 25% of the amount borrowed, while some brokerages require maintenances of up to 50%. See also: Restricted account.

maintenance

the management process of repairing and maintaining buildings, plant, machinery and equipment to avoid breakdowns and disruption to production. Effective maintenance requires the firm to draw up appropriate plans and timetables, taking into account the frequency of maintenance required, available personnel, ordering and stocking of spare parts etc.

The maintenance function provides an important service to production, marketing and administration departments. Routine maintenance within a firm is often undertaken by the firm's own maintenance department, while major refurbishment of machines may be contracted to specialist outside firms.

See TOTAL PRODUCTIVE MAINTENANCE, PREVENTIVE MAINTENANCE, INSPECTION, WORK-BASED MAINTENANCE, TIME-BASED MAINTENANCE, PRODUCTION MANAGEMENT, LEAN MANUFACTURING.

maintenance

The care and upkeep of a building to keep it in roughly the same condition as when it was first built,except for natural changes in the patina of finishes.

References in periodicals archive ?
In addition, maintenance personnel can use MaintenanceSuite to effectively manage maintenance activities, improve manpower utilization and make quality improvements.
In many plants the manufacturing and maintenance functions are isolated from each other.
The results are reduced maintenance transaction processing time and less clerical effort.
In maintenance organizations where much of the work is of an emergency nature, faster approval results in more efficient procurement of materials and services and reduced downtime.

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