WordGarden.iononcurrent
C2Pronunciation
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Meanings
Adjective
not current, up to date, or in present use
in accounting, not due or expected within the current reporting period
Beyond the definition
Imagine an old map: carefully made, but showing roads that no longer exist or city names that have changed. That map is noncurrent. In general, the word means something does not match the present situation or is no longer in active use. You might hear it used for information, rules, or records that are out of date. In money and business, though, it often has a more technical meaning. A noncurrent asset or liability is not something expected to be used, turned into cash, or paid within the next year. There, the idea is not that it is wrong or old; it is simply long-term.
The word "noncurrent" describes something that is no longer up to date, no longer active, or not meant for the present period. It is used most often in accounting and finance, but it also works more broadly for anything that no longer reflects current conditions.
In business and accounting, "noncurrent" is a technical label for the long term. A noncurrent asset is something a company does not expect to turn into cash within the next year, such as land, buildings, or major equipment. A noncurrent liability is a debt or duty that is not due within the next year. In this setting, "noncurrent" does not mean "bad" or "expired." It simply marks something as long-term rather than short-term.
Outside of finance, the word usually suggests that something is outdated or no longer in use. You might call data, a report, a policy, or a list noncurrent if it has been replaced, if it no longer applies, or if it does not reflect what is true now. For example, a report based on old numbers may be called noncurrent because the facts have changed. In that wider sense, the word gently points to the same idea: this belongs to an earlier state of things, and something newer or more relevant is now needed.
Examples
- 1
Archived documents
The archive contains noncurrent versions of the employee handbook.
- Usage
Noncurrent is formal; in everyday speech, people usually say old or out of date.
- 2
Accounting assets
The report separates current assets from noncurrent assets such as land and equipment.
- Domain
In accounting, noncurrent often means kept or used for more than one year.
- 3
Loan classification
The bank loan is listed as a noncurrent liability because it is not due until 2031.
See also
Forms and spellings
1 form open this card.
Main spelling
- noncurrentadjective