adjective
- not presently in use, operation, or effect; not current
- relating to assets or liabilities that are not due within one year
Usage: accounting; finance
Examples
- The company’s noncurrent assets include buildings and equipment.
- These noncurrent policies are no longer enforced.
- Noncurrent liabilities appear separately on the balance sheet.
- The database contained many noncurrent records that needed updating.
- Long-term investments are classified as noncurrent assets.
- The manual referenced noncurrent procedures from the previous system.