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Equipment
Practical Law Glossary Item 9-382-9827 (Approx. 2 pages)
Glossary
Equipment
Defined in the UCC as goods other than inventory, farm products, or consumer goods (UCC § 9-102(a)(33)).
Equipment is an asset type over which an entity can grant a security interest under Article 9 of the UCC. For further information on security interests in equipment, see Practice Note, UCC Creation, Perfection, and Priority of Security Interests.