Equipment is any piece of item that can be worn to character in the Profile and Costuming tabs of the character menu. TERA uses Paper Doll Inventory (popularized by Dungeon Master in 1987) where you can drag items from inventory to slots show on top of character.
Certain equipment can be equipped by certain classes depending on what the class specializes in. Whether it be the greatest looking bow, a blue robe, or even a laughable sunflower, you will find it all in the category below.
Upon reaching level 65 player is given default level 65 gear.