noncurrent asset Definition

noncurrent asset

Definition

An asset which is not easily convertible to cash or not expected to become cash within the next year. Examples include fixed assets, leasehold improvements, and intangible assets. opposite of current asset.

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Popular 'Accounting' Terms

current ratio
equity
working capital
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revenue
net income
negotiable
net profit
net worth

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Nearby Terms

non-conforming loan
noncontestability clause
non-contributory plan
non-convertible currency
non-cumulative preferred
noncurrent asset
noncurrent liabilities
nondeductible contribution
non-deliverable forward
nondepository credit institution
nondepository financial institution

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