A concept that money available now is worth more than the same amount in the future because of its potential earning capacity. It is the rationale behind compounding for future value or discounting for present value.
Time weighted average
Method of measuring the maximum safe exposure of workers to hazardous materials or conditions.
Time with materials furnished contract
A contract providing for the contractor to be paid for time spent on the job with all materials supplied by the owner.
Time-clock switch
An electrical switch with a timer that can be set to turn the circuit on or off at pre-set times.
Time-lag fuse
A fuse that can withstand a small overcurrent but will blow out with a large overcurrent.
Time-line
A chart depicting changes over time, for example a schedule for a construction project.
Timer
A device that can be set to automatically turn appliances (lights) off and on at set times.
Timer switch
A switch with a built in time clock that turns the switch on and off.
Timeshare
Ownership of a specific period of time or percentage of interest in a vacation home.
Tin
Metallic element with atomic number of 50. Tin is used in many alloys.
