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payback period
(redirected from payback periods)

   Also found in: Medical, Financial, Wikipedia 0.03 sec.
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.


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Rather than a large-scale, expensive approach to energy management, by replacing antiquated boiler systems or installing triple-glazed windows or solar panels; these require significant investments and longer payback periods.
What we would expect to see, then, is retailers changing their promotion oriented credit arrangements, either shortening payback periods, or increasing the interest.
The software presents clear and compelling data for the user, including estimated statistics on operating expenses, savings, payback periods, ROI and energy usage.
 
 
 
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