property, plant and equipment
(PP&E)
Noun
Noncurrent assets such as land, buildings, machinery and equipment, furniture and fixtures, and leasehold improvements that are acquired by a business for long-term, continued use in the production of income rather than for resale.
Synonym(s):
- capital asset; fixed capital; long-lived asset; long-term asset; non-current asset; plant and equipment.
- [BE]: tangible fixed asset.