Meaning of the word "capital equipment" in English

What does "capital equipment" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

capital equipment

US /ˈkæp.ɪ.təl ɪˈkwɪp.mənt/
UK /ˈkæp.ɪ.təl ɪˈkwɪp.mənt/
"capital equipment" picture

Noun

1.

machinery, tools, and other durable assets used in the production of goods or services

Example:
The factory invested heavily in new capital equipment to increase efficiency.
Purchasing capital equipment is a significant expense for any business.
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