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.”
Legal Definition list
Related Legal Terms
- Accountable Rail Equipment Accident
- Acquisition Cost of an Item of Purchased Equipment
- Acquisition Cost of Equipment [Education]
- Associated Equipment
- Associated Equipment (Gaming Law)
- Bingo Equipment
- Capital Equipment
- Customer Premises Equipment
- Durable Medical Equipment (DME)
- Durable Medical Equipment Regional Carrier (DMERC)
