Definition, Meaning & Synonyms
noncurrent
Adjective
/nɒnˈkʌrənt/
Definition
Not current; not occurring in the present time.
Examples
- The company reported a number of noncurrent assets on its balance sheet.
- Many noncurrent projects were left unfinished due to a lack of funding.
- This noncurrent equipment needs to be disposed of to make room for upgrades.
Meaning
The term ‘noncurrent’ typically refers to something that is outdated or not in active use. In finance, it can describe assets or liabilities that will not convert into cash or be settled within a year.
Synonyms
- Outdated
- Obsolete
- Old-fashioned
- Inactive
