Fixture

Business, Legal & Accounting Glossary

Definition: Fixture




What is the dictionary definition of Fixture?

Dictionary Definition


n. a piece of equipment which has been attached to real estate in such a way as to be part of the premises and its removal would do harm to the building or land. Thus, a fixture is transformed from a movable asset to an integral part of the real property. Essentially a question of fact, it often arises when a tenant has installed a lighting fixture, a heater, window box or other item which is bolted, nailed, screwed or wired into the wall, ceiling or floor. Trade fixtures are those which a merchant would normally use to operate the business and display goods and may be removed at the merchant’s expense for any necessary repair.


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https://payrollheaven.com/define/fixture/
Modern Language Association (MLA):
Fixture. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. September 28, 2021 https://payrollheaven.com/define/fixture/.
Chicago Manual of Style (CMS):
Fixture. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/fixture/ (accessed: September 28, 2021).
American Psychological Association (APA):
Fixture. PayrollHeaven.com. Retrieved September 28, 2021, from PayrollHeaven.com website: https://payrollheaven.com/define/fixture/

Definition Sources


Definitions for Fixture are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 28th April, 2020 | 0 Views.