Definitions (3). 1. Providing financial resources to finance a need, program, or project. In general, this term is used when a firm fills the need for cash from its own internal reserves, and the term ' financing ' is used when the need is filled from external or borrowed money. 2. Grant of authority to an agency, department, or unit to incur monetary obligations and to pay for them.
The watt (symbol: W) is a derived unit of power in the International System of Units (SI), named after the Scottish engineer James Watt (1736â1819). The unit is defined as joule per second and can be used to express the rate of energy conversion or transfer with respect to time. It has dimensions of L 2 M T â3.
A horsepower is a unit of power equal to 746 watts or 33,000 lb.ft per minute (or 550 lb.ft per second). A watt is equal to the power produced by a current of 1 amp across the potential difference of 1 volt. A watt is 1/746 of 1 horsepower.