1. An expenditure to acquire property or assets to produce revenue; a capital outlay. [Cases: Contracts 193.]
fixed-dollar investment. An investment whose value is the same when sold as it was when purchased. ? Examples are bonds held to maturity, certain government securities, and savings accounts.
fixed-income investment. An investment (including preferred stock) that pays a fixed dividend throughout its life and is not redeemable unless the corporation makes a special call.
1. The net cash required to start a new project.
2. The gross investment in capital goods less capital consumption, including depreciation.
2. The asset acquired or the sum invested.
4. LIVERY OF SEISIN.