equipment(redirected from tool)
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Tangible assets that are peripheral to a company's operations but are nonetheless necessary. Equipment is generally moveable and may be more or less expensive than other equipment. Trucks to transport materials and toilet paper for customer bathrooms are both examples of equipment.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
Fixed assets that are acquired as additions or supplements to more permanent assets. Equipment includes lighting fixtures in a building, for example. Equipment, unlike real estate, is generally moveable.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
equipmentsmall items of capital such as a hand drill or screwdriver which are used to produce goods. See PLANT, MACHINERY, CAPITAL STOCK, FIXED ASSET.
Collins Dictionary of Business, 3rd ed. © 2002, 2005 C Pass, B Lowes, A Pendleton, L Chadwick, D O’Reilly and M Afferson