Fixture

Definition

• Personal property that becomes real property when it is attached to a structure. For example, chandeliers, built-in bookcases, cabinets, and drapery rods are all considered fixtures.

Synonyms
embedded, secured, permanent attachment, screwed in, set in place

Related Terms and Acronyms

• Allowances — Definition,
  • Money set aside by builders for amenities, such as driveways, landscaping, carpeting and fixtures, that are standard but have optional designs.
• Asset — Definition,
  • Anything of monetary value that is owned by a person. Assets include real property, personal property, and enforceable claims against others including bank accounts, stocks, mutual funds, and so on.
• Attached (attd, att) — Abbreviation,
  • Something that is affixed to a property.
  ➥ As in attached garage.
• Builder Upgrades — Definition,
  • Refined features or materials that a builder offers for an extra charge.
• Built-ins — Definition,
  • Items, such as appliances and cabinets, that are permanently attached to a building.
• Detached (detd, det) — Abbreviation,
  • Something that is not affixed to a property.
  ➥ As in detached garage.
• Non-Scheduled Personal Property — Definition,
  • Assets considered common enough that they are automatically covered by property insurance without the need for an appraisal or receipt.
• Personal Property (PP) — Acronym,
  • Property that is movable and not permanently attached to a dwelling or structure.
• Real Property — Definition,
  • Permanent, non-movable property, such as land and buildings.
• Upgrades — Definition,
  • Options that allow buyers of newly built houses to select higher-quality floor coverings, cabinets, windows and other amenities for more money.