Definition
Replaceable component, sub assembly, and assembly identical to and interchangeable with the item it is intended to replace. Also called spare or (in the US) service part.
Related Articles
- Fees and Expenses *
- Borrowing Against a Life Insurance Policy *
- Roth IRAs: Contributions, Withdrawals, Distributions etc. *
- Information on the Less Commonly Used Types of Insurance *
- The Stock Market *
- Installment Sale *
- Index Funds and ETFs *
- An Overview of the Investment Options Suited for Educational Planning *
Related Videos
http://www.businessdictionary.com/definition/spare-part.html


