Durable Goods Law and Legal Definition
Durable goods are goods that do not wear out quickly. They are consumer goods designed to be used for a long period of time. Such goods yield utility over time rather than being completely consumed in one use. Automobiles, computers, jewelry, and other house hold appliances are examples of durable goods. They are also known as durables or hard goods.
Things such as bricks or jewelery could be considered perfectly durable goods, because they should theoretically never wear out. Highly durable goods such as refrigerators, cars, or mobile phones usually continue to be useful for three or more years of use.
The following is an example of a federal regulation defining the term:
A good is "durable" if it is designed to be used repeatedly and has a useful life greater than one year. [16 CFR 802.1]
