equipment

1.  Tangible property (other than land or buildings) of more or less durable nature which is useful in carrying on the operations of a business. For example, devices, machines, tools, and vehicles.

2.  Particular type of vehicle (such as aircraft, ship, truck) used by a carrier or transporter.

3.  Implements used in activity, job, or operation.

Featured Tip

Plan to borrow money with a business loan instead of using your personal credit card. "For some small business owners, particularly those at startup companies, a personal credit card may be their only or best option for financing expenses," said Luke Reynolds, an FDIC Community Affairs Specialist. "But for many owners, a business loan will be a much less expensive option," he said, because the bank loan will be secured by the business' property or equipment.

Additional Tip(s)

• The Growth of a Start-Up and Its Industry

• Technological Progress and the Consumer