A long-term investment in physical assets — warehouses, machines, data centres, stores — rather than day-to-day running costs. Its spending is usually called capex.
资本项目
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | Costco Uses US$184 Million in Tariff Refunds to Lower Prices 资本项目 · 第 7 张术语卡 | In the Fed survey more than half of firms said they would put refunds into research or capital projects — spending that shows up over years, not in the price on a shelf. 把退款用于资本开支有好处：不进当期成本、可折旧抵税、还能讲「投资未来」的故事；坏处也直接——如果下游需求没起来，这些资产会变成闲置产能，最终通过减值或更低的价格体现出来。所以企业「拿意外之财干什么」，常被当作观察经济周期的窗口。 |