RoaldDahl
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Simple English definitions for legal terms
hard goods
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A quick definition of hard goods:
Hard goods are physical items that can be touched and moved, such as toys, furniture, and electronics. They are different from money or services that cannot be held. Hard goods can be divided into different categories, such as consumer goods that people buy for personal use, and capital goods that are used to produce other goods. Durable goods are also a type of hard goods that are designed to last a long time, like cars and computers.
A more thorough explanation:
Definition: Hard goods are tangible and durable personal property that can be traded or sold. They are items of merchandise that have value and can be moved from one place to another. Examples of hard goods include:
- Automobiles
- Personal computers
- Equipment and machinery used for production
- Shipping containers and road-construction machinery
These examples illustrate that hard goods are physical items that can be bought, sold, and used repeatedly over a long period of time. They are different from soft goods, which are consumer goods that are not durable, such as clothing.