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Jargon Buster (M)

An easy to use A to Z of some of the most commonly used terms used throughout the water industry.

A B C D E F G H I J K L M
N O P Q R S T U V W X Y Z


mains
Pipes which carry treated drinking water.

meter
A device for measuring the quantity and flow rate of water.

meter optants
Consumers who opt voluntarily to have a meter installed in their property. The Water Industry Act 1999 placed a duty on the appointed water companies to provide a free meter for any domestic consumers who wanted one, where it is practicable and not unreasonably expensive to do so.

modern equivalent asset values
The cost of replacing all existing assets of whatever vintage by a 'modern equivalent' asset. This value exceeds both the historic cost and the RCV (see jargon section R).


© Water UK

Sat 11 Feb 2012, 2:40
http://www.water.org.uk/home/resources-and-links/jargon-buster/jargon-m