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  2. Carnot cycle - Wikipedia

    en.wikipedia.org/wiki/Carnot_cycle

    A Carnot cycle is an ideal thermodynamic cycle proposed by French physicist Sadi Carnot in 1824 and expanded upon by others in the 1830s and 1840s. By Carnot's theorem, it provides an upper limit on the efficiency of any classical thermodynamic engine during the conversion of heat into work, or conversely, the efficiency of a refrigeration system in creating a temperature difference through ...

  3. Rankine cycle - Wikipedia

    en.wikipedia.org/wiki/Rankine_cycle

    The Rankine cycle is an idealized thermodynamic cycle describing the process by which certain heat engines, such as steam turbines or reciprocating steam engines, allow mechanical work to be extracted from a fluid as it moves between a heat source and heat sink. The Rankine cycle is named after William John Macquorn Rankine, a Scottish polymath ...

  4. Difference engine - Wikipedia

    en.wikipedia.org/wiki/Difference_engine

    The London Science Museum 's difference engine, the first one actually built from Babbage's design. The design has the same precision on all columns, but in calculating polynomials, the precision on the higher-order columns could be lower. A difference engine is an automatic mechanical calculator designed to tabulate polynomial functions.

  5. Time value of money - Wikipedia

    en.wikipedia.org/wiki/Time_value_of_money

    Time value of money. The present value of $1,000, 100 years into the future. Curves represent constant discount rates of 2%, 3%, 5%, and 7%. The time value of money is the widely accepted conjecture that there is greater benefit to receiving a sum of money now rather than an identical sum later.

  6. Mortgage points: What are they and how do they work? - AOL

    www.aol.com/finance/mortgage-points-192840885.html

    In this example, the borrower bought two discount points costing 1 percent of the loan principal, or $3,200 each. By buying two points for $6,400 upfront, the borrower’s interest rate shrank to ...

  7. Engine efficiency - Wikipedia

    en.wikipedia.org/wiki/Engine_efficiency

    The efficiency of an engine is defined as ratio of the useful work done to the heat provided. where, is the heat absorbed and is the work done. Please note that the term work done relates to the power delivered at the clutch or at the driveshaft . This means the friction and other losses are subtracted from the work done by thermodynamic expansion.

  8. Steam (service) - Wikipedia

    en.wikipedia.org/wiki/Steam_(service)

    Steam is a video game digital distribution service and storefront managed by Valve. It was launched as a software client in September 2003 to provide game updates automatically for Valve's games and expanded to distributing third-party titles in late 2005. Steam offers various features, like game server matchmaking with Valve Anti-Cheat ...

  9. Cutoff (steam engine) - Wikipedia

    en.wikipedia.org/wiki/Cutoff_(steam_engine)

    In a steam engine, cutoff is the point in the piston stroke at which the inlet valve is closed. On a steam locomotive, the cutoff is controlled by the reversing gear . The point at which the inlet valve closes and stops the entry of steam into the cylinder from the boiler plays a crucial role in the control of a steam engine.