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Long Term
(redirected from noncurrent)

   Also found in: Dictionary/thesaurus, Wikipedia 0.02 sec.
Long Term
Describing a plan, strategy, security, or anything else with a term of longer than one year. The exact number of years varies according to the usage. For example, a long term financial plan outlines investment and other financial goals for any time more than one fiscal year, while a long term bond has a maturity of 10 or more years. Anything long term involves more uncertainty than anything short term because, generally speaking, market trends are more easily predictable in the short term. Thus, while planning for the long term is necessary, one's plan must be flexible to account for its inherent uncertainty.


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Both the quarterly net charge-off rate and the percentage of loans and leases that were noncurrent (90 days or more past due or in nonaccrual status) reached the highest levels registered in the 26 years that insured institutions have reported these data.
121 requires entities to consider whether noncurrent assets have been impaired and provides guidance in measuring impairment losses for both noncurrent assets held for sale and noncurrent assets held for use.
Weakness in this category is the main culprit in the deterioration of the industry's noncurrent loans rate.
 
 
 
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