capital expenditure

noun [C or U] (abbreviation capex, also capital expense, also capital investment, also capital outlay)

Definition

› ACCOUNTING, FINANCE, PRODUCTION money that a company spends on land, buildings, and equipment that it uses to produce products and provide services: Capital expenditure on property upgrades and refurbishments is expected to continue rising.

(Definition of capital expenditure noun from the Cambridge Business English Dictionary © Cambridge University Press)

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