What Does Equipment Mean? Definition of camp. (a) [Article 9 definitions.] … Acquisition cost for equipment, for example, means the net invoice price of the equipment, including the cost of any modifications, attachments, accessories, or auxiliary apparatus necessary to make it usable for the purpose for which it is acquired. What is Property and Equipment? synonyms, Equipment. Pursuant to 47 USCS § 153 (14), [Title 47. camped; camping; camps. The two primary types of leases are operating and long-term or "capital" leases. Nothing implied or stated on this page should be construed to be legal, tax, or professional advice. We need some new kitchen equipment. 1 : to make camp or occupy a camp. Under the usual terms of operating leases, a lessee can usually cancel the lease, assuming prior notice, without a major penalty. Playground Equipment means any kind of structure or apparatus which is customarily found in a park like setting and which a person may engage in play- like activities such as climbing, swinging, hanging, crawling, jumping, stepping, whether over, across, under, through or upon for enjoyment, exercise and/or as part of relating to others of any age. This section provides definitions for purposes of part II, subchapter M, chapter 1 of the Internal Revenue Code. Equipment modification means reducing PM emissions and soil erosion during tillage or ground operations by modifying and maintaining an existing piece of agricultural equipment, installing shielding equipment, modifying land planting and land leveling, matching the equipment to row spacing, or grafting to new varieties or technological improvements. What does Property and Equipment mean in law? Waste of electrical and electronic equipment (WEEE) such as computers, TV-sets, fridges and cell phones is one the fastest growing waste streams in the EU, with some 9 million tonnes generated in 2005, and expected to grow to more than 12 million tonnes by 2020. Legal definition for EQUIPMENT: Tangible property that, as per a balance sheet, does not constitute land or buildings, e.g. the act of equipping a person or thing. machines. Signing a Letter on Someone Else’s Behalf, Best Way to Write a Professional Letter to a Judge, How To Find A Name & Address Using A License Plate Number, How to Transfer a Car Title When The Owner Is Deceased. The Uniform Determination of Death Act in the United States attempts to standardize criteria. Inventory of a company, for example, is the annual account of stock taken in the business, or the quantity of goods or materials in stock. ***ALERT*** Federal law prohibits the operation, marketing, or sale of any type of jamming equipment, including devices that interfere with cellular and Personal Communication Services (PCS), police radar, Global Positioning Systems (GPS), and wireless networking services (Wi-Fi). Equipment definition: Equipment consists of the things which are used for a particular purpose, for example a... | Meaning, pronunciation, translations and examples It includes all fixed assets other than land and buildings … the state of being equipped. Safeguarding equipment means protecting the dangerous points, such as covering the blades on masonry saws. Everything You Ever Wanted To Know, Four Things to Understand About Community Property, Marijuana: Recreational, Grow, & Medical Laws By State 2020, Best Way To Run A Free Arrest Warrant Check. What is the definition of equipment? PPE includes hard hats, pads, guards, safety goggles, shields, and masks. Equipment means all of Borrower's present and hereafter acquired machinery, machine tools, motors, equipment, furniture, furnishings, fixtures, vehicles (including motor vehicles and trailers), tools, parts, goods (other than consumer goods, farm products, or Inventory), wherever located, including, (a) any interest of Borrower in any of the foregoing, and (b) all attachments, accessories, accessions, … Convenient, Affordable Legal Help - Because We Care! machines. Definition: Equipment is a type of fixed asset used by a company in its business operations and reported on the long-term assets section of the balance sheet under the line item property, plant, and equipment. Act 1974 which came into force in Great Britain on 5 December 1998 and replaced a number of other pieces of legislation which previously covered the use of lifting equipment. ... consultation, or advice of a legal, medical, or any other professional. Medical equipment concentration sites: a management solution for Army Reserve medical equipment repair and training needs: the author suggests medical equipment concentration sites as a possible solution to the Army Reserve's deficiencies found by the Army Audit Agency Equipment means tangible personal property (including information technology systems) having a useful life of more than one year and a per-unit acquisition cost which equals or exceeds the lesser of the capitalization level established by the non-Federal entity for financial statement purposes, or $5,000. Pursuant to 49 CFR 18.3 [Title 49 – Transportation, Subtitle A -- Office of the Secretary of Transportation], the term equipment means “tangible, nonexpendable, personal property having a useful life of more than one year and an acquisition cost of $ 5,000 or more per unit.”, "You have an excellent service and I will be sure to pass the word.". Equipment definition: Equipment consists of the things which are used for a particular purpose, for example a... | Meaning, pronunciation, translations and examples Heavy mobile equipment must be stored with breaks in the locked position, and other types of equipment – like concrete buckets – must have safety latches that can prevent the equipment from spilling or dumping accidentally. pronunciation, Equipment. 2 : to live temporarily in a camp or outdoors — having a tent and other outdoors equipment and supplies. Leasehold improvements are a common practice in commercial real estate spaces. They fix tractors and other farm equipment. A limited liability company (LLC) is an entity formed under state law by filing articles of organization. Will Trump Get Indicted Or Impeached (Round 2), What Happened At Capitol Hill: A Blow-By-Blow, Why People Marched On Capitol Hill: A Blow-By-Blow. The Law Dictionary is not a law firm and this page should not be interpreted as creating an attorney-client or legal adviser relationship. The commonly accepted definition of Proprietary, related to products, is something that is used, produced, or marketed under exclusive legal rights of the manufacturer. IT Equipment means all information technology equipment and devices located at each Facility on the applicable Acquisition Date, and any replacements thereof or additions thereto, including any software included therein. There are three types of bailments: (1) for the benefit of the bailor and bailee; (2) for the sole benefit of the bailor; and (3) for the sole benefit of the bailee.A bailment for the mutual benefit of the parties is created when there is an exchange of performances between the parties. Fair Market Value. Trump Plans To Run 2024, But Can He Pardon Himself? Biden’s Newly-Threatened Impeachment… Wait, What? A device, such as a saw, shovel, or drill, used to perform or facilitate manual or mechanical work. Definition of Property and Equipment in the Legal Dictionary - by Free online English dictionary and encyclopedia. Tangible property that is not land or buildings, but facilitates business operations. Drug Decriminalization Laws Setup For Rehaul Throughout US, Best Way to Find Someone in Jail for Free. A factory and the machinery therein are common examples of plant and equipment. 261:64 Construction Equipment and Implements of Husbandry. Under English law, ... direct loss and expense: if these fall within FIDIC's definition of 'cost' - "all expenditure reasonably incurred ... where a claim for increased production costs and loss of profits caused by defective electrical equipment was found to be direct loss. – I. Meaning of Property and Equipment as a legal term. There are slight differences in Scotland and Northern Ireland. Heavy equipment means self-propelled, self-powered or pull-type equipment and machinery, including engines, weighing 5000 pounds or more, primarily employed for construction, industrial, maritime, mining and forestry uses, as such terms are commonly used and understood as a usage of trade in accordance with §8.1A-303(c). When underwriting these small commercial risks, equipment breakdown is as … A player must not use equipment or wear anything that is dangerous. Things employers, employees and any representatives should agree on include: The term appurtenant is commonly used in real estate law, but may have other uses as well. It’s important for employees to have the right equipment and technology needed to work from home effectively. On a balance sheet, plant and equipment are recorded according to their historical cost. Things like transportation, fuel, equipment rental, initial materials, tools – … An inherently governmental function includes activities that require either the exercise of discretion in applying Government authority, or the making of value judgments in making decisions for the Government. You must check it: has appropriate conformity marking and is labelled with the manufacturer’s details (33) "Equipment" means goods other than inventory, farm products, or consumer goods. Get the Equipment legal definition, cases associated with Equipment, and legal term concepts defined by real attorneys. Today, both the legal and medical communities in the US use "brain death" as a legal definition of death, allowing a person to be declared legally dead even if life support equipment keeps … These leases are generally preferable when the company needs the equipment for a short period of time. Definition of. There’s no law that requires most other products sold in the U.S. to be marked or labeled Made in USA or have any other disclosure about their amount of U.S. content. Navigation. 2. Definition of EQUIPMENT: Tools, be they devices, machines, or vehicles. Tangible property that is. We will always provide free access to the current law. Nepotism, Cronyism, & Favoritism: Illegal Or Unethical? Generally, for income tax purposes, a single-member LLC is disregarded as an entity separate from its owner and reports its income and deductions on its owner's federal income tax return. Assist a person in achieving an action beyond the normal capabilities of a human. Plant and Equipment The fixed assets used to produce goods for a company. Legal definition for EQUIPMENT: Tangible property that, as per a balance sheet, does not constitute land or buildings, e.g. This section provides definitions for purposes of part II, subchapter M, chapter 1 of the Internal Revenue Code. Equipment Law and Legal Definition Pursuant to 49 CFR 18.3 [Title 49 – Transportation, Subtitle A -- Office of the Secretary of Transportation], the term equipment means “tangible, nonexpendable, personal property having a useful life of more than one year and an acquisition cost of $ 5,000 or more per unit.” To explore this concept, consider the following appurtenant definition. "Jamming devices create serious safety risks. Suing Your Landlord: How, When, Why, & Should You Bother? Inventory An itemized list of property that contains a description of each specific article. An equipment breakdown loss to the panels or any of the supporting equipment would result in the loss of this income stream as well as a property damage loss of replacing the damaged equipment. The act of equipping or the state of being equipped: responsible for the rapid equipment of the troops. The term "heavy equipment" shall not include (i) motor vehicles requiring … This can also help avoid extra stress. intransitive verb. (a) In general. Suffering military property to be lost, damaged, destroyed, sold, or wrongfully disposed of.. “To suffer” means to allow or permit. What is Property and Equipment? (a) In general. Assist a person in achieving an action beyond the normal capabilities of a human. The Law DictionaryFeaturing Black's Law Dictionary Free Online Legal Dictionary 2nd Ed. Operating leases are characterized by short-term, cancelable terms; the lessor bears the risk of obsolescence and enjoys such benefits as depreciation, including, if applicable, accelerated depreciation. In these commercial properties, the building owners want to attract … Personal Protective Equipment Personal Protective Equipment Law and Legal Definition Personal Protective Equipment (PPE) refers to any safety device or safeguard used by workers to protect themselves against environmental, chemical and electrical hazards. Define Equipment.. Equipment. Browse US Legal Forms’ largest database of 85k state and industry-specific legal forms. 2. a. In this article: (1) "Accession" means goods that are physically united with other goods in such a manner that the identity of the original goods is not lost. The Lifting Operations and Lifting Equipment Regulations 1998 (LOLER) are set of regulations created under the Health and Safety at Work etc. The sole issue before the court was whether the phrase “machinery used in manufacturing establishments” under Iowa Code §427A.1(1)(e) includes within its scope common law fixtures. are forbidden and must be removed. anything kept, furnished, or provided for a specific purpose. Mobile Equipment — a term that is defined in both the commercial general liability (CGL) and commercial auto policies. Tools, be they devices, machines, or vehicles. How Do You Look up License Plate Numbers? In addition, we provide special support for non-profit, educational, and government users. Paragraph (b) of this section defines real property, which includes land as defined under paragraph (c) of this section and improvements to land as defined under paragraph (d) of this section. Fair Market Value is an opinion expressed in terms of money, at which the property would change hands between a willing buyer and a willing seller, neither being under any compulsion to buy or to sell and both having reasonable knowledge of relevant facts, as of a specific date. Fixed Equipment Law and Legal Definition Fixed equipment is defined as “property capable of being removed without irreparably damaging the premises.” In re … Squatter’s Rights & Adverse Possession: What You Need To Know, Is It A Monopoly? (34) " Farm products " means goods , other than standing timber, with respect to which the debtor is engaged in a farming operation and which are: The Legal Term * Equipment Lease * Defined & Explained. Tools and equipment means implements required for participation in an employment plan that aid in accomplishing a task and the set of physical resources used to perform an operation or activity necessary in the practice of a vocation, profession, or small business enterprise, excluding the ongoing replacement or repair of tools and equipment. All of the activities described above relate to the construction industry, but there are mobilization activities that more closely relate to the actual work that will be performed. EQUIPMENT LEASE. Definition of Property and Equipment in the Legal Dictionary - by Free online English dictionary and encyclopedia. Legal Definition of equipment : the implements used in an operation or activity specifically , in the Uniform Commercial Code : goods that are not inventory, farm products, or consumer goods 2. the personal knowledge and skill required for a task, occupation, etc. Trump Refusing To Pay Lawyer Rudy Giuliani, Trump Is – Officially – The First President To Be Impeached Twice. Equipment for Safety. Equipment consists of the things you need for a particular activity. Equipment Trust Law and Legal Definition Equipment trusts are a type of financing mechanism extensively used by railroad industries in which a trustee and the railroad together buy equipment from a manufacturer, with the trustee providing most of the purchase price. Telegraphs, Telephones, and Radiotelegraphs; Chapter 5. Equipment for Safety means items that are not primarily used for the diagnosis, care or treatment of disease or Injury but are primarily utilized to prevent Injury or provide a safe surrounding. : Equipment and technology. Featuring Black's Law Dictionary Free Online Legal Dictionary 2nd Ed. Customer Premises Equipment Law and Legal Definition. A lease agreement is a legal contract designed to protect both the person leasing the asset (“lessee”) and the owner of the asset (“lessor”). However, manufacturers and marketers who choose to make claims about the amount of U.S. content in their products must comply with the FTC’s Made in USA policy. Powered by Black's Law Dictionary Free 2nd Ed. This definition is a policy determination, not a legal determination. For questions regarding your specific situation, please consult a qualified attorney. All items of jewellery (necklaces, rings, bracelets, earrings, leather bands, rubber bands, etc.) Acquisition Cost of an Item of Purchased Equipment, Acquisition Cost of Equipment [Education], Durable Medical Equipment Regional Carrier (DMERC). Medical equipment concentration sites: a management solution for Army Reserve medical equipment repair and training needs: the author suggests medical equipment concentration sites as a possible solution to the Army Reserve's deficiencies found by the Army Audit Agency Examples include: restraints, safety straps, safety enclosures, car seats. The term is also used to describe a list made by the executor or administrator of the estate of a deceased individual. and The Law Dictionary, About| Terms | Privacy | Legal Questions, Written and fact checked by The Law Dictionary. Meaning of Property and Equipment as a legal term. Term Definition; Acquisition cost: The cost of the asset including the cost to ready the asset for its intended use. The board of review believed that the three pieces of equipment were common law fixtures to the real estate and subject to property tax. translation, English dictionary definition of Equipment.. n. 1. See more. Equipment Law and Legal Definition Pursuant to 49 CFR 18.3 [Title 49 – Transportation, Subtitle A -- Office of the Secretary of Transportation], the term equipment means “tangible, nonexpendable, personal property having a useful life of more than one year and an acquisition cost of $ 5,000 or more per unit.” IT Equipment shall include, without limitation, computer related equipment (such as desktop computers, portable computers (laptops), portable devices (tablets and other hand held … Committed to Public Service. Equipment definition, anything kept, furnished, or provided for a specific purpose. Equipment explained. Legal Definition of a Snowmobile: “Snowmobile” means any motor-driven vehicle designed for travel primarily on snow or ice of a type that utilizes sled-type runners or skis, an endless belt tread, or any combination of these or other similar The appurtenant thing, or “appurtenance,” is less important than the property to which it belongs or is attached. Something with which a person,... Equipments - definition of equipments by The Free Dictionary. An agreement that specifies the rights and obligations between a lessor (who owns equipment) and a lessee (to whom the lease gives certain rights to possess and use the equipment). Through social entrepreneurship, we’re lowering the cost of legal services and increasing citizen access. Equipment is an uncountable noun. In law, the importance is the discovery that each person's DNA is different and is found in each living cell, so a hair, blood, skin or any part of the body can be used … When providing new work equipment for use at work, you must ensure it conforms with the essential requirements of any relevant product supply law (for new machinery this means the Supply of Machinery (Safety) Regulations). Paragraph (b) of this section defines real property, which includes land as defined under paragraph (c) of this section and improvements to land as defined under paragraph (d) of this section. Using tape to cover jewellery is not permitted. Typically, lease agreements are used for rental properties, but they are also used for rentals of vehicles, household appliances, construction equipment, and other items. Two types of law cover playgrounds in England and Wales. 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