Open systems using gravity tanks, etc., are rarely met nowadays and Figure 1.8 shows a characteristic arrangement of pressure tanks, calorifiers and pumps for a large ship. The fresh water pumps are self-priming, drawing from storage tanks and discharging through filters to a rising main, branched to give a cold supply and a hot supply in closed circuit through a calorifier. A tank kept under pressure by an external supply of compressed air rests on the system and provides the head necessary
Assets An asset is a commodity that provides a flow of services over time. E.g. a house, or a computer. A financial asset provides a flow of money over time -- a security