In telecommunication, the term terminal equipment has the following meanings:

- Communications equipment at either end of a communications link, used to permit the stations involved to accomplish the mission for which the link was established.
- In radio-relay systems, equipment used at points where data are inserted or derived, as distinct from equipment used only to relay a reconstituted signal.
- Telephone and telegraph switchboards and other centrally located equipment at which communications circuits are terminated.

Reference:
http://en.wikipedia.org/wiki/Terminal_equipment

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