Industry terms are used loosely, indeed, but I won't get into that! It's simply buyer beware!
New limits and serviceable limits are two different things in most cases. A certain amount of wear can be tolerated on most engine components, and these are known as serviceable limits. An engine can be disassembled and inspected, and even if wear is found, it can legally be reassembled and returned to service, as long as none of the worn components exceed serviceable limits. This could never legally be called an overhaul, even though all new consumables are (usually) used. All times keep accumalating uninterupted since the last real overhaul. the real problem is that parts that were barely within limits at the time of the inspection, are now surely worn beyond limits after 600 more hours! The engine still runs, and is worth core value, but that's probably about all that's good about it!
I have never understood the mentality of not properly overhauling a high time engine that is already disassembled.
I wonder what else they scrimped on?
