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.

Use noncurrent asset in a sentence

Intellectual property is a very important noncurrent asset. While it cannot be easily converted into cash, intellectual property is a major factor in being a successful company.

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non-cumulative preferred current/noncurrent method