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Definitions from the Web

Durable Good

Definition: A durable good refers to a product that has a long lifespan and is intended to be used for an extended period.

Sense 1: In economics, a durable good is a consumer good that is expected to last at least three years.

Example Sentence: Mary purchased a new washing machine, which is considered a durable good.

Sense 2: In accounting, a durable good is a long-term asset that is used in the production of goods or services.

Example Sentence: The construction company invested in durable goods such as machinery and equipment to enhance their operations.

Related Products:

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