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The following figure shows an example of:
Equipment
Equipment encompasses the set of tools, machinery, and other hardware required for the execution of specific tasks or activities within various fields and industries.
Fixture
A piece of property that was originally moveable but has become attached to real property in such a way that it is legally considered part of the real property.
Subrogation
is a legal doctrine allowing one party (usually an insurer) to step into the shoes of another party to pursue rights or claims against a third party, often to recover amounts paid out in a claim.
Surety
A form of financial guarantee, wherein one party (the surety) agrees to take on the financial obligations of another if they default.
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