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TeachMeFinance.com - explain Place in service Place in service The term 'Place in service' as it applies to the area of energy can be defined as ' A vehicle is placed in service if that vehicle is new to the fleet and has not previously been in service for the fleet. These vehicles can be acquired as additional vehicles (increases the size of the company fleet), or as replacement vehicles to replace vehicles that are being retired from service (does not increase the size of the company fleet)'. Previous 5 Terms: PIX pixel Pixel PK PL Next 5 Terms: place value placebo placebo controlled study placebo effect Placed About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.