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What does equipment mean?

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equipment
Noun


1. Any tangible movable asset (personal property) that is repeatedly or continuously used in economic activity in the production of goods and services.
2. Any item (good) used by a business, government entity, nonprofit organization or consumer for a specific purpose or in the performance of some activity.
3. [UCC] All goods other than inventory, farm products or consumer goods.

Synonym(s): 
  • movable (1.).
Comment: 
Equipment is a collective word and rarely used in the plural.
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