Definitions (3). 1. Providing financial resources to finance a need, program, or project. In general, this term is used when a firm fills the need for cash from its own internal reserves, and the term ' financing ' is used when the need is filled from external or borrowed money. 2. Grant of authority to an agency, department, or unit to incur monetary obligations and to pay for them.
The watt (symbol: W) is a derived unit of power in the International System of Units (SI), named after the Scottish engineer James Watt (1736â1819). The unit is defined as joule per second and can be used to express the rate of energy conversion or transfer with respect to time. It has dimensions of L 2 M T â3.
Report Abuse. Watts is the amount of amps or electrons used in the electricity Volts is the current or speed in which the electricity is traveling e.g. heaters and lights are measured in watts. This is the amout of heat or light produced. another example would be.