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payback period |
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payback period [′pā‚bak ‚pir·ē·əd] (industrial engineering) The amount of time required for achieving an amount in profits to offset the cost of a capital expenditure, such as the cost of investment in modifications in an industrial facility for the purpose of conserving energy. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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In the New York area, lighting upgrades generally have a payback period of less than one year. Wendt says that its 2003 SSE customers have reported rapid returns, with one customer calculating a 60-day payback period. Stroma officials say the iRing program can bring an almost immediate return on investment and for some larger mines with big tonnages, a one-month payback period. |
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