OZONE DEPLETION POTENTIAL (ODP)

A relative value that is calculated in comparison to chlorofluorocarbon11, which is referenced with a value of 1. This relative value is used to determine the level of damage that a ubstance can cause to the ozone layer.

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OZONE HOLE

An ozone hole is the significant thinning of the ozone layer at a certain point, exposing a ‘hole’.

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OZONE LAYER

A protective covering of ozone gas in the lower levels of the stratosphere. The main purpose of the ozone layer is to prevent ultraviolet rays that emanate from the sun from entering in to our atmosphere. The ozone layer is significantly damaged by ozone depleting substances, such as greenhouses gases, etc.

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OWNER RIPARIAN

this is a term that is given to a person who owns property that borders water. He doesn’t own the water unless his property surrounds it completely.

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OXY-ACETYLENE WELDING

A welding process created with the help of gases. Coalescence occurs when an oxygen flame mixes with acetylene gases when ignited.

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OWNER’S DRAW

Company revenue taken by the owner for personal use.

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OWNERS’ EQUITY

The capital invested in a corporation, based on the deduction of the book value of liabilities from the book value of assets.

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OWNERS’ WITHDRAWALS

Money the owner of a business takes out of the cash flow for personal use.

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