capital expenditure

Definition

Funds spent by a company to acquire or upgrade a long-term asset.

Example Sentences

• "As passenger numbers rise, the transport authority believes it can return to self-funding daily running costs during 2023, but it said government support for major capital expenditure is essential to prevent further decline."
• "Meta has invested heavily in generative AI, with the majority of its planned $72bn in capital expenditure this year earmarked for data centres and servers."