Preventive maintenance involves regular and routine check-ups on equipment and property to ensure they are in good working condition, thereby minimizing the need for costly repairs or replacements. This practice helps extend the lifespan of systems and machinery.
Total loss refers to damage that is so extensive that repair is not economical. Typically seen in contexts like insurance claims, accidents, and natural disasters, total loss indicates that the cost to reconstruct, repair, or salvage an item exceeds its replacement value.
