what is pp&e
PP&E â What is PP&E? Definition: PP&E stands for Property, Plant and Equipment. It represents company assets that are vital to business operations but cannot be easily liquidated. The term âproperty, plant and equipmentâ - or PP&E â refers to an account located on the balance sheet. This account contains all of a company's purchases of property, production/manufacturing plants and equipment at that point in time, minus amortization deductions.