Condition of a piece of equipment at any point in time that affects the ability of the equipment to perform its function(s) as intended.
Source: API RP 8B, Recommended Practice for Procedures for Inspections, Maintenance, Repair and Remanufacture of Hoisting Equipment, Seventh Edition, March 2002 (Reaffirmed: August 2012). Global Standards
Ability of a structure or structural component to perform adequately for normal functional use.
Source: ISO 19901-7:2013, Petroleum and natural gas industries – Specific requirements for offshore structures – Part 7: Stationkeeping systems for floating offshore structures and mobile offshore units. Global Standards