noncurrent
/nɑnˈkɜrənt/
adjective
- Not in use or not active at the present time; outdated or no longer current.
- My grandfather still uses a noncurrent flip phone instead of a smartphone.
- The company sold its noncurrent inventory at a discount to make room for new products.
- The library moved all noncurrent magazines to the basement storage.
- In finance, referring to assets or liabilities that are not expected to be converted to cash or paid within one year; long-term.
- Investors look at both current and noncurrent debts to assess a company's financial health.
- The balance sheet lists noncurrent assets like buildings and equipment separately from cash.
- A mortgage is a noncurrent liability because it is paid off over many years.