Money or money's worth available for production.
“His capital is continually going from him [the merchant] in some
shape, and returning to him in another.” —Adam Smith: Wealth of
Nations, vol. i. book ii. chap. i. p. 276.
Ready money or property readily convertible into it.
Wages, or raw material. This sort of capital is not available a
second time for the same purpose.
Land, buildings, and machinery, which are only gradually consumed.
Political capital is something employed to serve a political
purpose. Thus, the Whigs make political capital out of the errors of
the Tories, and vice versâ.
“He tried to make capital out of his rival's discomfiture.” —The
Source: Dictionary of Phrase and Fable, E. Cobham Brewer, 1894