machinery
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machinery
- items of capital such as a lathe or ROBOT welder which are used in production. See PLANT, EQUIPMENT, CAPITAL STOCK, FIXED ASSET.
- procedures for the conduct of negotiations between trade unions and management and the settlement of disputes. See PROCEDURAL AGREEMENT, GRIEVANCE PROCEDURE, DISPUTES PROCEDURE.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson