capital budget

capital budget definition - finance
A budget used to plan major, long-term, cash-intensive projects, such as building a new plant or office building or funding long-term research. Several financial tools can be used to evaluate potential capital budget plans, such as internal rate of return (IRR), a payback period, and a net present value analysis. See also internal rate of return.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

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