Glossary Terms

Introduction to Market Activity With EquipmentWatch’s Market Activity Data, you can explore the world’s largest transactional database for heavy equipment.  For each asset, the marketplace, [...]

If you’re new to EquipmentWatch and just starting out working within app.equipmentwatch.com, please review how to begin your experience using the Search 2.0 Product Guide. Comparing Similar [...]

My Account You can manage your subscription and global adjustment preferences using My Account. To get started, click in the top right of the page. You will immediately be shown your subscription [...]

Selecting Residual Value Inputs   Inputting Year, Manufacturer and Model   Selecting a Purchase Type There are two options: New or Used. This represents the condition of the asset in [...]

Fair Market Value (FMV) is the monetary value of an asset that can be expected in a transaction with a single seller and single buyer, neither of whom are under any compulsion or time restriction [...]

Forced Liquidation Value (FLV) is the monetary value of an asset that can be expected in a transaction with a single seller and multiple potential buyers, where the seller is under a short time [...]

Tire costs include the repair and/or replacement of tires.

Miscellaneous Supply parts are those items normally stocked in bulk for an entire fleet, rather than for individual machines.

Field repair parts costs are accrued on a machine working-hour basis to offset the costs for supplying parts necessary to keep the equipment operating in good condition.

Field repair labor costs are accrued on a machine working-hour basis to offset charges incurred to perform normal field repair and maintenance.