Fixed Capital
This is money which is used to purchase assets that will remain permanently in the business and help it to make a profit.
Read more about this topic: Financial Capital
Famous quotes containing the words fixed and/or capital:
“Montesquieu well knew, and justly admired, the happy constitution of this country [Great Britain], where fixed and known laws equally restrain monarchy from tyranny and liberty from licentiousness.”
—Philip Dormer Stanhope, 4th Earl Chesterfield (1694–1773)
“If Los Angeles has been called “the capital of crackpots” and “the metropolis of isms,” the native Angeleno can not fairly attribute all of the city’s idiosyncrasies to the newcomer—at least not so long as he consults the crystal ball for guidance in his business dealings and his wife goes shopping downtown in beach pajamas.”
—For the State of California, U.S. public relief program (1935-1943)