Definition: Refurbished Equipment is not necessarily used equipment. Certain manufacturers and dealers have quality standards that will not be compromised. If an item is returned but appears to be in working order, or has a minor problem that can be corrected easily, the item will be refurbished and sold at a discount. Most companies will guarantee the item as if it was new.
Also Known As: refurb
Examples:After looking at new hydraulic presses, we investigated what the dealer offered in refurbished equipment options.