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FIXTURE

Credit gives the word to pay either by repaying it or returning those resources later. In other words, this credit is the method of making the reciprocity formal, legally enforceable, and of course, extensible to a vast group of people who are not related.

However, the resources provided may be financial or have goods or services, like consumer credit. The credit covers any form of deferred payment. Credit generally gets extended by the creditor, the debtor or lender, and sometimes the borrower.



Definition

A fixture is anything that is attached/fixed into position in any building or structure, or even a vehicle. It may also mean any particular sporting event on a specific date of a season. It may mean something attached permanently or structurally to a building, room, or property.

Use of Fixture in Real Estate

Real estate fixtures are commonly observed in several cases. This means anything that attaches permanently to the property, including ceiling fans, chandeliers, nails, screws, bolts, cement, and many more. They remain with the property or home in question for real estate/property deals or transactions. Fixtures are usually permanent in nature, as mentioned, and are taken as the part of the property for sale or purchase transactions in most cases.

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