capital goods

  

Definition

Heavy equipment (such as excavators, forklifts, generators, metal-forming or metal-working machines, vehicles) which (in contrast to consumer goods) require a relatively large investment, and are bought to be used over several years. Also called producer goods.

Use capital goods in a sentence

  • When a company is starting up, they will want to make important upfront purchases, such as capital goods, to help them run smoothly.

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  • If you will be working on many projects that have the need for expensive capital goods you should probably buy them yourself,.

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  • If you know you will work on a project for only a short time you should just rent your capital goods instead of purchasing them.

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