capital equipment
/ˈkæpɪtəl ɛkwɪpmənt/ · cap-i-tal e-qui-pment
noun
- Machinery, tools, or other large items of equipment that are used in the production or manufacture of goods, and are typically expensive and long-lasting. The factory invested in new capital equipment to increase its production capacity.
noun
- The initial investment in a project or business, which is often in the form of expensive equipment or machinery. The company's capital equipment costs were high, but they expected to recoup their investment within a few years.
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Did you know? The term 'capital equipment' is often used in accounting and finance to distinguish it from 'operating expenses', which are the ongoing costs of running a business.