Government Finance Statistics Manual 2014

Glossary 419

Weapons systems Weapons systems include vehicles and other equipment such as warships, subma-
rines, military aircraft , tanks, missile carriers and launchers, etc. ......................7.74

Withdrawals of income from
quasi-corporations

Withdrawals of income from quasi-corporations consist of that part of distribut-

able income that the owner withdraws from the quasi-corporation ................5.118

Work in progress Work in progress consists of goods and services that are not yet suffi ciently

processed to be in a state in which it is normally supplied to other institutional

units ............................................................................................................................7.80

Written-down replacement
cost

Written-down replacement cost is the current acquisition price of an equivalent

new asset minus the accumulated consumption of fi xed capital, amortization, or

depletion ...................................................................................................................3. 115

Zero-coupon bonds Zero-coupon bonds are long-term securities that do not involve periodic pay-
ments during the life of the bond ..........................................................................7.147