As an adjective, equipped describes something that is provided with what is necessary or appropriate. If you like to cook, you need a well equipped kitchen with lots of specialized pots and pans.
The word equipped is from the verb equip, which traces its origins first to the Middle French word équiper, meaning "to fit out." From there it can be traced to the Old French word esquiper meaning "to fit out a ship." Today you can equip things other than ships. If you are use a wheelchair, you may need to get a van equipped with a hydraulic lift, for example.
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