Commonly used terms in the Electrical industry.
The percentage multiplier that a motor can handle for short periods of time when operating within its normal voltage and frequency tolerance. In other words, it is a fudge factor that give extra horsepower when it's occasionally needed.
A static equipment used for the AC transmission of electrical energy. It is meant to enhance controllability and increase power transfer capability. It is generally a power electronics based device.
Flexible Alternating Current Transmission System