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.
Here are various units of power: 1) SI unit: The SI unit of power is W. It is the amount of power produced by consumption of one Joule of energy in one second. The unit W is very small, larger unit like KW and MW are used commonly. 1KW = 1000W and 1MW = 1000KW. SI unit is most commonly used now.