Planned capital expenditure program
Also found in: Medical.
Planned capital expenditure program
Budgeted or projected outlays for major expenditures on permanent or fixed assets as outlined in the corporate financial plan.
Capital Budget
A plan for a company's capital expenditures. Capital expenditures are payments made over a period of more than one year. They are used to acquire assets or improve the useful life of existing assets; an example of a capital expenditure is the funding to construct a factory. Making a capital budget must account for the potential profitability of the plans involved. Calculating the net present value or the internal rate of return are two methods for determining a capital budget.