capital expenditure

noun

1. : an amount paid out that creates a long-term benefit (as one lasting beyond the taxable year); especially : costs that are incurred in the acquisition or improvement of property (as capital assets) or that are otherwise chargeable to a capital account : costs that are incurred in the acquisition or improvement of property (as capital assets) or that are otherwise chargeable to a capital account

   Note: Capital expenditures are not deductible for income tax purposes. They are generally added to the property's basis.