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

You should do your best to make sure that you know any way to off load a noncurrent asset in case you need.

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It was a noncurrent asset and that meant that it was not easily convertible into cash, which was really cool.

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We were conducting a liquidity analysis of the firm and concluded that the noncurrent asset being considered for sale should be sold.

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non-cumulative preferred current/noncurrent method